QCP Capital reports that Bitcoin remains above $80,000 despite ETF outflows and market controversies. The cryptocurrency's stability comes as volatility nears its annual low, with the VIX around 18. QCP suggests that the short-term market may continue to trade within a range, identifying $84,000 as a key resistance level.
This week, market attention is focused on the anticipated meeting between Trump and Chinese leaders in Beijing, as well as the release of U.S. April CPI, PPI, and retail sales data, which could influence market dynamics.
Bitcoin Holds Above $80,000 Amid Market Uncertainty
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