Why is there no reason to move QCP Bitcoin price up: They are turning to sell! - Coin Bulletin

Analysts say most investors are selling as there is currently no reason to push the price of Bitcoin up in the market.

According to QCP Capital's latest market analysis, Bitcoin investors are currently predominantly leaning towards put options until April. The lack of a strong upward catalyst in the market supports this outlook.

In recent times, the interaction between US President Donald Trump and the markets has been noteworthy. QCP indicates that Trump is highly sensitive to market reactions and investors are increasingly questioning his moves. This situation may further embolden Trump and increase uncertainty in the markets.

(# There is no reason for Bitcoin to go up!

Trump's announcement of imposing a 25% tariff on steel and aluminum imports has raised concerns about the reignition of trade wars in recent weeks. In particular, the fact that Canada and Mexico are among the largest suppliers to the US indicates that this process could have a widespread impact. Additionally, Trump's signals of potential sanctions against Japan have also caused unease in Asian markets.

Although the price of BTC briefly dropped to $95,000, it quickly recovered. However, QCP emphasizes that this movement is more related to market sentiment rather than fundamental indicators. Currently, it is stated that there is no clear catalyst in the market to push BTC higher, so it is more likely that the volatility will be downward.

In the coming period, Powell's statements and inflation data will be decisive in terms of market direction. The re-emergence of trade wars and domestic political developments in the US may continue to have an impact on all risky assets, including BTC.