QCP notes that Bitcoin's support level is near $80,000, and if it breaks through $87,000, it will likely test $94,000.

QCP Capital released a note noting that one year has passed since the crypto market hit its largest single-day liquidation record on October 11 last year, and Bitcoin’s price trajectory now looks far more stable. The mass repeat selloff markets had feared never materialized, even as the U.S. government’s large Bitcoin transfers sparked market unease and reports over the weekend emerged of an implant attack on Ledger hardware.

Bitcoin has repeatedly failed to break above $87,000 but remains rang

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