QCP Capital Evaluates Bitcoin’s Chance to Recover Below $100K
QCP Capital analysts are questioning whether Bitcoin’s recent drop below the $100,000 mark signals the end of its four-year cycle or simply a deep correction within an ongoing trend. Their latest market report highlights several indicators that point to increased caution among traders.
Bitcoin Breaks Its Long-Term Trend Signal
Bitcoin extended its decline last week, erasing nearly all gains accumulated over the year. The 27% pullback from recent highs pushed the price below the 50-week moving average — a key technical benchmark for judging medium-term momentum.
The weekly close under $100,000 was the first since early May, a development QCP Capital believes could reshape market sentiment. Historically, losing this level has marked periods of prolonged uncertainty as traders reassess whether the broader bull cycle remains intact.
Macroeconomic Signals Return After Washington Reopens
With the U.S. government back in operation after the shutdown, markets are bracing for a wave of delayed economic reports. The September employment report, scheduled for Thursday, November 20, is expected to be one of the most closely watched data releases of the quarter.
Meanwhile, inflation readings for October — along with partial November indicators — remain unclear. This lag in macroeconomic visibility has increased volatility across both digital assets and traditional markets, as traders navigate a rare period of data scarcity.
Markets Enter a Potentially Turbulent Window
QCP Capital warns that the coming weeks may bring heightened price swings as investors digest long-awaited economic updates. While Bitcoin’s cycle structure remains a subject of debate, analysts stress that the dominant driver in the short term will be macroeconomic clarity — or a lack of it.
For now, the firm maintains a neutral-to-cautious outlook, noting that Bitcoin’s recovery prospects will depend on whether buyers re-enter at current levels or wait for deeper confirmation signals before stepping back into the market.
Editorial Team — CoinBotLab