10x Research: Bitcoin may experience another false breakdown
10x Research posted on social media that after Bitcoin's triangular consolidation, investors should be aware of potential false breakdowns in price. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three adjustments since the beginning of 2023. 10x Research stated that it is redefining its bull-bear dividing price line and may change previous views. The previous bearish boundary was $68,300.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin set for ‘promising new year’ as it faces worst November in 7 years
From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle
The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?
This Thanksgiving, we are grateful for bitcoin returning to $90,000.
Trending news
MoreCrypto prices
More
