Bitcoin faces macro hurdles at $88,000 pivot: QCP Capital

Bitcoin prices recovered to the $88,000 level on Wednesday following a sharp sell-off earlier in the week, effectively resetting the market before a series of economic events, according to a QCP Capital market update. QCP Capital described the current price action as a technical recovery facing a “Wall of Worry” that includes a Federal Reserve decision and a looming government funding deadline. The trading and investment firm identified the $88,000 level as a critical “trap door” for the cryptocurrency. ...