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10x Research

All articles tagged with #10x research

cryptocurrency1 year ago

Bitcoin Could Reach $200K by July: Expert Analysis

Bitcoin's triangular consolidation has ended with a bullish breakout, prompting technical analysts at 10x Research to predict a potential rally to $80,000. The breakout follows a stronger-than-expected U.S. jobs report, signaling economic resilience and spurring risk-taking across financial markets. Analysts suggest that buying at $69,280 and setting a stop loss at $65,000 may be appropriate, with the upside target of $80,000 representing at least a 10% rise from the current price of $72,300.

cryptocurrency1 year ago

Bitcoin's Bullish Surge: Challenging $60K Before Halving

Bitcoin's upcoming halving on April 19th could lead to a potential rally, as historical data and technical analysis indicate a possible surge of over 30% in the eight weeks leading up to the event. The relative strength index (RSI) has crossed above 80, suggesting strong upward momentum, with previous occurrences of this signal resulting in an average gain of 54% in the following 60 days. Additionally, strong inflows into U.S.-based spot exchange-traded funds (ETFs) indicate a bullish sentiment among traditional investors. However, while past performance is not indicative of future results, the current macroeconomic environment appears supportive of increased risk-taking, potentially contributing to Bitcoin's upward trend.