QCP Capital предсказывает возможное падение биткоина до $107 000 и эфира до $3300 из-за давления на рынок Translation: QCP Capital predicts possible drop of Bitcoin to $107,000 and Ethereum to $3,300 due to market pressure

The cryptocurrency market is facing pressure: a continued correction could lead to recent lows of $107,000 for Bitcoin and $3,300 for Ethereum, according to analysts at QCP Capital.

«U.S. stocks experienced a sharp decline in the last trading session, while Chinese equities showed relative stability,» the experts noted.

However, they observed that institutional demand remains strong. Over the past day, there has been a net inflow of $241 million into spot Bitcoin ETFs, halting a two-day trend of outflows.

«The trend of buying on dips persists. The options market is dominated by call contracts with a strike price of $118,000,» the analysts emphasized.

As the fourth quarter approaches, historically viewed as more favorable, there is moderate optimism in the markets due to softer credit conditions.

«Participants anticipate two 25-basis-point interest rate cuts in October and December. If next week’s non-farm payroll employment data does not exceed expectations, this scenario is likely to remain intact,» QCP Capital concluded.

CryptoQuant analyst Axel Adler highlighted that the MVRV Z-Score indicator «has dropped to a baseline zone.»

This metric stands at −0.3, showing a downward trend.

«This indicates that market capitalization is close to its ‘fair’ value relative to the realized price, considering annual volatility. There’s no overheating; valuations appear neutral or moderately ‘cheap’ compared to last year,» the specialist explained.

In a conversation with The Block, BRN researcher Timothy Mezeer noted that the Bitcoin chart is showing a reversal pattern known as a «double bottom,» with a support level near $111,115.

«This is a market full of ‘ifs,'» the specialist remarked. «If the pattern holds, if ETF flows stabilize, if ETH returns to its range.»

According to his observations, the nearest resistance is at $115,000, while on-chain metrics suggest a risk of a price drop to the range of $90,000 to $105,000.

Mezeer referred to the $4,000 level for Ethereum as «fragile»—if it fails, the price could retreat to the $3,600 to $3,800 range.

At the time of publication, the leading cryptocurrency is trading around $111,212 (down 1.8% over the day), while Ethereum is near $3,960 (down 5.2%), according to CoinGecko.

It should be noted that researchers at Glassnode have observed a weakening demand for Bitcoin.

They identified the break-even point for short-term holders ($111,400) as a key support level for the digital gold.