10xResearch: Bitcoin may experience another "false breakdown" again
PANews reported on May 3rd that 10xResearch stated on social media that after Bitcoin's triangular consolidation, investors should be aware of potential "false breakdowns". The relative strength of Bitcoin has fallen back to a low of 40% in this adjustment, which is quite similar to the three adjustments since the beginning of 2023.
10xResearch said that the institution is redefining its "bull-bear demarcation price line", which may change previous views. The previous bearish demarcation 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.
You may also like
Nvidia server prices reportedly increase by 15%, with some customers already receiving price hike notifications
Media outlets, citing sources familiar with the matter, reported that this price increase will take effect starting with systems shipped early next year, affecting those equipped with flagship-level Vera Rubin and Grace Blackwell chips. Factories manufacturing servers for major companies such as Microsoft, Google, and Oracle have already issued price increase notices. The specific rate of the increase will depend on the generation of Nvidia chips and storage configurations.
Crypto prices
More
