BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking “action packed” for crypto volatility. Here are the most important points to keep in mind:
1. Macro events will continue to impact BTC and ETH prices: QCP Capital notes that macro events such as the US election, Brexit negotiations, and stimulus talks will continue to affect the crypto market. Any significant developments in these areas could cause volatility in BTC and ETH prices.
2. Next week could be particularly volatile: QCP Capital predicts that next week could be “action packed” for crypto volatility. This is due to a number of factors, including the US election, the release of economic data, and ongoing stimulus talks.
3. Technical analysis is important, but not the only factor: While technical analysis is important for predicting price movements, QCP Capital notes that macro events can often override technical signals. Traders should keep an eye on both technical analysis and macro events to make informed trading decisions.
In summary, BTC and ETH prices will continue to be impacted by macro events, and next week could be particularly volatile. Traders should pay attention to both technical analysis and macro events to make informed trading decisions.