Bitcoin’s Rally Faces Headwinds: Inflation Fears and AI Volatility

Despite a surge above $90,000 driven by hopes of a possible Federal Reserve interest rate cut, Bitcoin faces challenges. QCP Capital, citing persistent inflation in the U.S. as a major factor, warns that current market momentum may not be sustainable. While the $80,000 to $82,000 range acts as a vital support level for Bitcoin, they anticipate resistance near the mid-$90,000 mark due to supply pressures. The firm also highlights limited liquidity and lack of substantial short-term buyer activity in contributing to the current rally.