QCP Capital: Bitcoin Needs to Hold Above $87,200 to Confirm Rally
- —Bitcoin closed the week above $86,000, its highest in 8 months, but failed to hold $87,000
- —QCP: BTC must stay above $87,200 to confirm further upside
- —ETH trades near $2,725 within a $2,650–2,800 band
- —Market prices a 22% chance of a Fed rate hike in October
Why it matters: The $87,200 level and the Oct. 7 FOMC minutes will determine whether Bitcoin's October rally continues.
Source: Bitcoin Sistemi
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