đ Odaily Planet Daily latest news! Well-known crypto research institution 10x Research published an article on the X platform stating that Bitcoin remains one of the most attractive assets in terms of risk/reward potential. Since Bitcoin peaked in March-April, the agency has warned of downside risks, but they are now taking a tactical optimistic stance after Bitcoin's sharp decline.
đ Multiple reports from 10x Research support its optimistic outlook for Bitcoin's surge. A breakout of Bitcoin's downward trend line could indicate stronger upward momentum, with the potential to exceed the 21-week simple moving average ($60,996), a key indicator for judging a bull or bear market. A breakout of this level sets the target at $65,000, which is now within reach.
đ It is worth noting that the current trading signal has increased long positions to 70% of net long positions for the first time. Based on historical pattern analysis, this shift suggests that Bitcoin and Ethereum may offer attractive buying opportunities next, with a time span of 2-3 months.
