Market News / Story
Bitcoin pulls back as analysts forecast $80,000-$90,000 Q4 trading range
The Block ·
The Block reports: Bitcoin (BTC) was trading back near $82,000 on Thursday, having previously topped $87,000 last Friday, its highest level since Sept. 23. The retreat comes as QCP Capital forecasts bitcoin will trade between $80,000 and $90,000 in its base case scenario for the fourth quarter. QCP identified $80,000 to $82,000 as an area to buy bitcoin in its Q4 Digital Assets Market Outlook, while the firm said it would reduce exposure around at $88,000 to $90,000 if exchange-traded fund…