{"id":139548,"date":"2024-10-12T22:00:57","date_gmt":"2024-10-12T19:00:57","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139548"},"modified":"2024-10-12T18:34:26","modified_gmt":"2024-10-12T15:34:26","slug":"qcp-capital-eyes-uptober-rally-for-bitcoin-if-key-this-level-support-holds","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/qcp-capital-eyes-uptober-rally-for-bitcoin-if-key-this-level-support-holds\/","title":{"rendered":"QCP Capital Eyes &#8216;Uptober&#8217; Rally for Bitcoin if Key This Level Support Holds"},"content":{"rendered":"<p>Analysts at QCP Capital are optimistic about a potential rally through &#8220;<em>Uptober<\/em>&#8220;, provided <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>Bitcoin<\/strong> <\/a>maintains its position above the critical $60,000 support level.<\/p>\n<p>They <a href=\"https:\/\/www.theblock.co\/post\/320709\/analysts-eye-uptober-rally-if-bitcoin-stays-above-60000-amid-stock-market-gains?utm_source=telegram1&amp;utm_medium=social\" target=\"_blank\"><strong>noted<\/strong><\/a>:<\/p>\n<p><em>U.S. equity indices have rallied, with the S&amp;P 500 reaching a new high, though this enthusiasm has not yet spilled over into the cryptocurrency market.<\/em><\/p>\n<p><em>Nevertheless, we remain hopeful for an &#8220;Uptober&#8221; rally as long as the $60,000 support holds.<\/em><\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/neiro-cuts-ties-with-controversial-market-maker-amid-community-scrutiny\/\" title=\"Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/neiro-c1v0g29h-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>As of early trading Friday, the Dow Jones industrial average was up 0.5% and the S&amp;P 500 was up 0.3%. The price of Bitcoin rose 2%, hovering above $62,000, and the global market capitalization of cryptocurrencies reached $2.27 trillion, reflecting a 1% increase over the past 24 hours.<\/p>\n<p>The equity market gains followed mixed Producer Price Index (PPI) data that continues to support expectations of a 25 basis point rate cut by the Federal Reserve in November. The CME tool indicates an 85.9% probability of such a cut at the next Federal Open Market Operations Committee meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>QCP Capital analysts continue to hope for a bullish rally through Uptober, which they say depends on Bitcoin holding important support.<\/p>\n","protected":false},"author":7,"featured_media":50540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-139548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>QCP Capital Eyes &#039;Uptober&#039; Rally for Bitcoin if Key This Level Support Holds<\/title>\n<meta name=\"description\" content=\"QCP Capital analysts continue to hope for a bullish rally through Uptober, which they say depends on Bitcoin holding important support.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/qcp-capital-eyes-uptober-rally-for-bitcoin-if-key-this-level-support-holds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QCP Capital Eyes &#039;Uptober&#039; 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