QCP: Bitcoin holds $80K support, $80K–$88K range is the key battleground
- —BTC is trading in the $80K–$83K band with firm support at $80,000
- —Markets price only a 15% chance of a Fed rate hike in October
- —AI credit stress, with CoreWeave 5-year CDS above 1,100 bp, is pressuring tech stocks
- —Bitcoin options implied volatility is running below its one-year average
Why it matters: A decisive break from the $80K–$88K range could sharply accelerate price moves and volatility in bitcoin.
Source: Bloomingbit