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The post Bitcoin (BTC) Rebounds Today: “This Level Must Be Broken for Major October Rally,” Says Analysis Firm appeared on BitcoinEthereumNews.com. QCP Capital announced that cryptocurrency markets are showing signs of recovery after last week’s selling pressure, paving the way for an “October rally.” The company’s report noted that Bitcoin (BTC) rose to $112,000 and Ethereum (ETH) to $4,100. Spot prices remained stable over the weekend, despite significant ETF outflows last Friday, suggesting that selling pressure was absorbed more strongly than expected. QCP Capital argued that quarter-end liquidations were the main driver of these outflows and that this week’s ETF flows will determine the direction of institutional demand. The report revealed that despite a challenging month, Bitcoin closed September with a gain of more than 3%. Analysts noted that the market is preparing for the seasonal rally known as “Uptober,” and that it is critical for BTC to surpass the $115,000 level to confirm the uptrend. Cautious optimism is prevailing in the options market. According to QCP Capital, investor confidence is slowly returning, bearish sentiment is diminishing, and open interest in both Bitcoin and Ethereum is beginning to stabilize. This suggests that a potential October rally is starting to be factored in among investors, according to the analyst firm. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoin-btc-rebounds-today-this-level-must-be-broken-for-major-october-rally-says-analysis-firm/

The post WIF Price Prediction: Targeting $0.48 Recovery Within 2 Weeks as MACD Shows Bullish Divergence appeared on BitcoinEthereumNews.com. James Ding Dec 16

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.