"Bitcoin Price Analysis: Potential Stall at $35K Predicted"

Analysis from trading firm QCP Capital suggests that Bitcoin (BTC) may face resistance around the $35,000 mark, potentially stalling its bull market. The firm highlights the $35,000 to $40,000 range as a popular area for market participants looking to catch a local top. QCP Capital plans to sell end-September $33,000 to $35,000 calls and use the premiums to buy $30,000 puts. The analysis also references the potential lack of volatility cues in the macroeconomic environment and the ongoing speculation surrounding the approval of the first Bitcoin spot-based exchange-traded fund (ETF). Traders are raising concerns about a potential BTC price correction, with a new block of resistance appearing on the Binance order book at $36,000. At the time of writing, BTC/USD is trading near $30,800.