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Bitcoin Rally Expectations Might be Delayed as Volatility Hits Yearly Lows

  • Bitcoin is displaying signs of fatigue as volatility drops to its lowest levels of the year, leading to market stall and cooling investor sentiment.
  • QCP Capital suggests a delay in expectations for a breakout rally to September, with BTC remaining range-bound between $100,000 and $110,000.
  • Investors are shifting focus to September-dated options due to limited near-term upside potential, leaving Bitcoin in a technical holding pattern.
  • Market attention is now on upcoming U.S. CPI and PPI reports, which could sway Bitcoin's direction based on inflation surprises and potential implications on the Federal Reserve policy.

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