Bitcoin's Ascent May Hit a Wall Around Mid-$90K: Trading Firm

Bitcoin (BTC) has topped $90,000 as soaring odds for a December Fed rate cut boosts risk sentiment. The broader macro backdrop, though, is far from clean as inflation remains elevated and the rally may face resistance beyond mid-$90,000, according to a Singapore-based trading firm. "We see supply capping moves toward the mid-90ks, while $80K–$82k remains the key support zone," QCP Capital's market insights team said in a market note Thursday. The team explained that bitcoin ETFs listed in the U.S. are y ...