New research by trading firm QCP Capital suggests that Bitcoin's consolidation phase could end by July, leading to a potential price breakout. QCP Capital predicts a change in course due to the United States debt ceiling "sideshow" vanishing, leaving Bitcoin to mimic its consolidation and breakout phase from 2020. The firm recommends positioning for an upcoming big move through long 3m and 6m strangles with a bias to the long call side. Other signals within Bitcoin also point to a new paradigm taking over shortly, including on-chain metrics tracking hodler behavior.
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