Biden

<p style="text-align: justify">According to professional analysts, their evaluations tend to be more consistent than those of social media experts. QCP analysts have shared their latest market evaluation, highlighting important details. What is the current prediction of experts who previously forecasted a significant drop in <a href="https://en.coin-turk.com/bitcoin-etps-continue-to-break-records-following-blackrocks-bitcoin-etf-application/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>?</p>
<h2 style="text-align: justify" id="crypto-currency-expert-opinion">Crypto Currency Expert Opinion</h2>
<p style="text-align: justify">On Monday, crypto currency investors faced a big shock. The news of a fake ETF approval, also noted by QCP analysts, was the highlight of the day. However, despite the uncertain evidence, we witnessed a sudden $2,000 increase in BTC price. The rapid price increase was exciting. So what do the experts expect now?</p>
<blockquote>
 <p>“Unfortunately, we do not expect the real <a href="https://en.coin-turk.com/what-is-a-crypto-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> approval to happen this year for any application or conversion; this means that BTC’s price will depend on macro winds for the rest of the fourth quarter, whether it stays below 25,000 or above 32,000.”</p>
</blockquote>
<p style="text-align: justify">There are two levels that trigger an increase in volatility for the king of crypto currencies. According to experts, we won’t see an ETF-backed rally or a selling wave.</p>
<h2 style="text-align: justify" id="crypto-currency-comments">Crypto Currency Comments</h2>
<p style="text-align: justify">Analysts do not expect the near future to be very bright for stocks. There is also no guarantee whether BTC will be a safe haven during the risk-off process. In fact, they are skeptical of the CEO of BlackRock’s statements such as “BTC could be an escape.”</p>
<blockquote>
 <p>“If BTC can really prove to be a safe haven during this selling wave, we believe it will pave the way for a bull market that will last for months. In the short term, we will see today if Tesla’s earnings report is important enough to determine whether it sold its BTC holdings. The main reason for our bearish sentiment in stocks is the excessive consensus about the seasonal rally in the fourth quarter.”</p>
 <p>However, when we divide NASDAQ returns into parallel years, we see that October is not a jumping board for a rally, but rather an important turning point for the markets. In our opinion, the biggest trigger will be the sharp increase in US real interest rates during this period when consensus has entered lower interest rate expectations again.</p>
 <p>Biden and Yellen dealt a big blow to bond vigilantes by clearly declaring their “capabilities” to support both the Ukraine war and the Israel war.”</p>
</blockquote>
<p style="text-align: justify">QCP analysts also think that the conflict in the Palestinian region is not sufficiently taken into account by the market.</p>
<blockquote>
 <p>“Due to the 50th anniversary of the Yom Kippur War, both sides have an interest in not stepping back this time, and we believe that the markets still underestimate this risk. Furthermore, the killing and hostage-taking of US citizens by Hamas will undoubtedly require US involvement this time. With Biden setting an important precedent by personally visiting ground zero of a war zone on the eve of a real war as a sitting US President, he sends a strong message that this time is different. A clear sell signal for stocks would be Iran’s direct involvement in the conflict or worse, the deployment of US troops.”</p>
</blockquote>
<p style="text-align: justify">QCP analysts who shared the chart below believe that while NASDAQ shows a downward trend, BTC may break out of its 6-month narrow range (downward).</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-267818 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/BTC-QCP-Yorum.jpeg" alt="" width="1274" height="1280"></p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of crypto currencies and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/professional-analysts-share-latest-crypto-market-evaluation-what-to-expect/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/professional-analysts-share-latest-crypto-market-evaluation-what-to-expect/</a>

Professional Analysts Share Latest Crypto Market Evaluation: What to Expect?

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