10X Research: Bitcoin expected to fall back to the $50,000 to $60,000 trading range
2024-08-16 03:20:01
10X research release report forecast bitcoin fall back million dollarsdesk3cryptocurrencydesktopCrypto News
10X Research has released a report saying it expects Bitcoin to fall back to the trading range of $50,000 to $60,000. The rally after the August 5 crash will stall near the resistance zone between $60,000 and $61,000. This slowdown could allow oversold technical indicators to reset, thus increasing the likelihood that Bitcoin could retest the August 5 low near $50,000, a move that would catch many off guard. There are still profit opportunities in the cryptocurrency market, but the timing is not ideal.
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