QCP Capital projects Bitcoin will trade between $80,000 and $90,000 in the fourth quarter, identifying the $80,000–$82,000 band as a key buying zone. The firm notes that positions may be trimmed near $88,000–$90,000 if ETF inflows fail to recover during the period. A bullish breakout above $100,000 depends on sustained ETF inflows, a Federal Reserve pause on rate hikes, and progress on the CLARITY Act. Conversely, downside risks could push Bitcoin below $68,000 if Middle East tensions drive oil prices higher, prompting rate hikes, or if ETF outflows resume.