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According to the Crypto Trading Firm QCP Capital, Bitcoin is trading in a narrow range! All eyes are on the Bitcoin 2025 Conference! Here are the details.
According to the crypto trading firm QCP Capital, Bitcoin is currently trading in a narrow range of $107,000 to $110,000, supported by stable demand from spot exchange-traded funds (ETF’s).
QCP Capital stated that Bitcoin is trading in a narrow range ahead of an important conference.
In a market update, QCP noted that investors are closely watching this week's Bitcoin 2025 conference, which has become an important event for sentiment in the digital asset space.
The company stated that short-term volatility continues to remain high and has led traders and institutions to adopt a more cautious approach.
Despite the volatile price movements, the fundamental ETF flows continue to remain strong, which is a sign that long-term interest in Bitcoin remains solid.
QCP said, "Markets are in a wait-and-see mode. We are seeing healthy ETF demand, but traders are waiting for clarity after the conference before making large directional bets."
The company expects a decrease in both sentiment and volatility after the event ends, potentially leading to a more stable trading environment.
According to TradingView data, Bitcoin was last traded at around $109,800.