QCP wrote the critical threshold for crypto: They gave two scenarios for this week

QCP Capital stated in its latest market assessment report that Bitcoin and cryptocurrency markets have entered a critical period. In the report, which stated that geopolitical tensions in the Middle East and outflows in Bitcoin spot ETFs created sales pressure, artificial intelligence investments were also emphasized.

“It is important to protect 78 thousand dollars”

Analysts stated that the increase in oil and the decline in artificial intelligence stocks caused Bitcoin to start the week below 80 thousand dollars, and they noted that the first important support point was 78 thousand dollars. The report also stated that the level to be exceeded in a possible increase is 86 thousand dollars.

Microsoft, Alphabet and Amazon balance sheets…

Company analysts also touched upon the importance of the balance sheets of major technology companies that will be announced this week. The report stated that this week's balance sheets of Alphabet (October 28), Microsoft (October 28) and Amazon (October 29) are among the factors that will determine the short-term fate of crypto.

Analysts have drawn 2 scenarios here. In a positive scenario, it was written that if the balance sheets of these 3 companies indicate that artificial intelligence investments will continue strongly, risky assets may rise again.

It was written that in the event of a statement that investments will be reduced or will be reduced, the correction in artificial intelligence-related stocks may continue, and this may be reflected in the crypto world with Bitcoin.