10x Research: Bitcoin may experience another false breakdown
10x Research posted on social media that after Bitcoin's triangular consolidation, investors should be aware of potential false breakdowns in price. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three adjustments since the beginning of 2023. 10x Research stated that it is redefining its bull-bear dividing price line and may change previous views. The previous bearish boundary 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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