10x Research sees 82,000 next, and calls Bitcoin oversold. ๐
CoinDesk reported on 4 November that Markus Thielen, founder of 10x Research, pointed to daily stochastics showing Bitcoin oversold after falling too far too fast, and said the bounce could climb toward 82,000 dollars, with the broader trend still consolidative below resistance around 80,000 to 82,000 dollars. ๐ My reading is that 82,000 is a reasonable momentum target, not a promise, because oversold bounces often run further than sceptics expect, yet the 79,500 to 80,500 zone flagged by KuCoin still sits between here and there. Targets work best as a ladder, 78,368 first, then 79,500, then 80,500, not as one leap.
Is 82,000 a real next target for you, or does 80,000 stop this bounce first? ๐ค
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CoinDesk reported on 4 November that Markus Thielen, founder of 10x Research, pointed to daily stochastics showing Bitcoin oversold after falling too far too fast, and said the bounce could climb toward 82,000 dollars, with the broader trend still consolidative below resistance around 80,000 to 82,000 dollars. ๐ My reading is that 82,000 is a reasonable momentum target, not a promise, because oversold bounces often run further than sceptics expect, yet the 79,500 to 80,500 zone flagged by KuCoin still sits between here and there. Targets work best as a ladder, 78,368 first, then 79,500, then 80,500, not as one leap.
Is 82,000 a real next target for you, or does 80,000 stop this bounce first? ๐ค
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
