QCP Capital says the Bitcoin (BTC) price could fall as low as $36,000 before the uptrend resumes.

The launch of a Bitcoin (BTC) spot exchange-traded fund (ETF) in January is expected to initially see weak demand, which could lead to a ‘sell the news’ scenario, Singapore-based QCP Capital wrote in a recent note. This could lead to near-term volatility in Bitcoin, shifting focus to Ether (ETH).