10x Research: The head and shoulders bottom pattern indicates that Bitcoin will soon rise to $83,000, and the resistance line may be broken in the next few days

BlockBeats news, June 7, according to the latest article of 10x Research, "It is only a matter of time before Bitcoin hits a record high. The head and shoulders bottom pattern indicates that BTC will soon rise to $83,000, and the resistance line may be broken in the next few days. The ideal time to break this resistance is either today, Friday, June 7, or next week, Wednesday, June 12. A few days ago, we pointed out that the global central bank's easing cycle is about to begin, and this week's interest rate cuts in Canada, Denmark and Europe also confirmed this. With the weakening of US economic growth, employment and consumer spending, it is only a matter of time before inflation slows. Although the Federal Reserve has only cut interest rates once in the past 30 years, from May to November before the US presidential election, risky assets depend mainly on market expectations of rate cuts, not necessarily actual rate cuts. This makes us generally bullish on risky assets, and we expect Bitcoin to hit a record high. However, if Bitcoin fails to hit a sustainable new high, the reason may be the sharp drop in Ethereum prices, as we pointed out earlier this week. We are monitoring $3,725 As traders and market analysts, we have to consider every scenario and think ahead.”