10x Research: Bitcoin may experience another false breakout
10x Research posted on social media that investors should pay attention to potential false break price behavior when Bitcoin is in a triangular consolidation. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three previous adjustments since the beginning of 2023. 10x Research stated that the institution is redefining its bull-bear boundary price line and may change its previous views. The previous bearish boundary line 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.
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