Analysts have stated that major cryptocurrencies like Bitcoin and Ether are set for significant near-term price fluctuations.
QCP Capital Volatility Signal
According to analysts at QCP Capital, the Volatility Momentum Indicator (VMI) for both Bitcoin and Ether has been activated, signaling a period of increased market volatility. This signal does not predict price direction but indicates the possibility of more significant price movements soon. Investors are advised to shift their strategy to buying options to potentially benefit from these large movements in Bitcoin and Ether.
Impact of U.S. Elections on the Market
In addition to the QCP Capital volatility signal, analysts are eyeing the upcoming U.S. presidential election as a driver of market volatility. Increased volatility is expected over the next three months, with options traders being cautious in the short term but optimistic about Bitcoin's mid-term performance. K33 Research analysts believe that September could be a buying opportunity ahead of a potential recovery in October.
Recommendations for Investors
Investors are advised to exploit short-term price volatility and consider seasonal trends suggesting a bullish fourth quarter. Analysts believe that the opportunity to benefit from increased volatility could be significant.
Key factors such as the QCP Capital volatility signal and the upcoming U.S. elections point to significant fluctuations in Bitcoin and Ether prices in the near term. Investors should carefully analyze the market and adapt their strategies accordingly.
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