#BTC

Bitcoin Investors Should Be Aware Of Potential False Breakdown, Says 10xResearch

According to PANews, 10xResearch has issued a warning to Bitcoin investors about a potential 'false breakdown' following a triangular consolidation of the cryptocurrency.

The relative strength of Bitcoin has fallen to a low of 40% during this adjustment, a situation that mirrors the three adjustments Bitcoin has experienced since the beginning of 2023.

10xResearch has also indicated that it is in the process of redefining its 'bull-bear dividing price line', which may lead to a change in its previous viewpoint. The previous line that marked a shift to a bearish outlook was set at $68,300