Odaily Planet Daily News 10x Research said in its latest analysis: “Last week, we predicted that Bitcoin would break out of the symmetrical triangle pattern and rebound to $65,000. Our prediction has already generated a 9% return, and the price is approaching this Goal. We are in a dynamic, hit-and-run market environment where quick, strategic trades can yield significant gains as long as Bitcoin continues to trade within a broad sideways range. Anticipating macroeconomic events is critical to taking advantage of opportunities. We had expected the FOMC minutes released last Wednesday to be dovish, with Fed Chairman Powell likely to highlight labor market weakness, both of which were expected to be interpreted as such. Dovish, thus driving Bitcoin’s surge. We also highlighted Bitcoin’s underperformance compared to the Nasdaq, which has been flat and the market’s attention is now turning. Options pricing for Nvidia’s upcoming earnings and guidance is expected to move by +/-8%, similar to the volatility observed following the last earnings release. From a technical perspective, Bitcoin’s rally last week was a textbook one. examples, supported by macroeconomic developments and cross-market analysis.”