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​🚨 10x Research: Closing Above $63,000 in August Could Confirm the Bitcoin Bottom

​According to the latest 10x Research report, Bitcoin is on the verge of validating the bearish market floor this month if it manages to close August above $63,000.

​📌 Key points:
• Cycle signals: Despite a weak July, the current price ($63,140) opens the door to reversing several indicators back into bullish territory.
• Supports: 10x Research favors long positions as long as the key support levels hold.
• Factors to watch: Liquidity outflows from miners to the AI sector (~100K BTC) and the Fed’s rate decisions in relation to U.S. Treasury bond yields.

​Will BTC manage to hold the $63K range by month-end, or will we see more macro pressure?

​#bitcoin #CryptoNewss #10XResearch #TechnicalAnalysisnalysis

Bitcoin could dip to $55,000 before finding its bottom, according to 10x Research

- A strong USD and the hawkish stance of the Fed under new chair Kevin Warsh could put pressure on crypto throughout the summer.
- 10x Research predicts Bitcoin might drop to $55,000 before it finds its bottom.
- Investors need to be cautious of potential bearish trends.

#Bitcoin #CryptoNews #Fed #USD #10xResearch

$btc btc

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Source: CoinDesk

⚡️ Retail cryptocurrency trading volume in South Korea exceeded $18 billion yesterday, outpacing the local stock market by 22%, according to 10x Research.

This is the second-highest figure in 2024. Investors focused on XRP, DOGE, XLM, ENS, HBAR and SHIBA.

#Корея #10xResearch