Why #Bitcoin is breaking out -> https://mail.10xresearch.co/

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How Our Readers Stay Ahead of Massive (#Bitcoin) Market Trends 👇1-12) Our altcoin model portfolio selected #ENA last week, which is already up +25% since our report. We suggested that Bitcoin would break out just yesterday before it ramped up +4%. Although most people still focus on the Bitcoin ETF flows, we identified a new data point that is now the critical driver for crypto returns. 👇2-12) It has been an excellent week for 10x Research’s media exposure, with more than 1,000 sites/publications requoting our work. Our brand value continues to increase, and our articles make waves thanks to our predictable and quantitative tools: track record and accountability counts. 👇3-12) On March 8, we wrote: “The Bitcoin / Crypto market is overheated, and a potential consolidation with downside risk should be managed carefully. US ETF flows are no longer the key driver of Bitcoin.” 👇4-12) Although this was our view a month ago, things have changed. Below, we’d like to explain why we have become bullish recently. Luckily, our readers were ahead of many of the moves. If you still need to become a subscriber, you can join here. 👇5-12) Bitcoin breaking out of the symmetrical triangle with a price target of 83,000 during the next few weeks was well covered by CoinDesk and republished on many other websites. We published our analysis before Bitcoin’s +4% rally yesterday, informing our subscribers beforehand. 👇6-12) Our Trading Signals model portfolio has been relatively neutral during the last month, sitting on the bench while Bitcoin went through a relatively volatile corrective mode. Preserving energy, we are near breakout levels for many cryptocurrencies. We will let our subscribers know soon. 👇7-12) Read the full report here -> https://mail.10xresearch.co/p/readers-stay-ahead-massive-bitcoin-market-trends #ENA #BTC🔥🔥🔥🔥

Bitcoin May Rally to $80K on Triangle Break: Technical Analysis @10xResearch Super Timely report from 10x Research - published 10 hours ago - #Bitcoin is now +4.6% higher since we published our report -> https://x.com/10x_Research/status/1777163546306183461 https://www.coindesk.com/markets/2024/04/08/bitcoin-may-rally-to-80k-on-triangle-break-technical-analysis/ #BTC

Forget ETFs; instead, every #Bitcoin trader should follow this data point 👇1-11) After being massively bullish since January 25, we turned cautious precisely a month ago (March 8) as the forward returns appeared unpredictable based on the market's technical setup. Trading (crypto) is about risk-reward and knowing when to bet big and when to bet small, and the last thirty days were indeed a period when to bet small. But this will change soon. 👇2-11) Our trading signals have expressed a similar message. After generating double-digit returns between January and early March, the last three weeks have seen some single-digit losses, with the jury still out on how those trades will finish when their projected trade horizon for those positions ends. Instead of being 100% long or short, the model is only 38% net long. Positioning is light, but this will change soon, too. 👇3-11) -> https://mail.10xresearch.co/p/forget-etfs-instead-every-bitcoin-trader-follow-data-point #ENA #BTC🔥🔥🔥🔥 #BTC

Bitcoin: The Irresistible Rise -> Amazon: https://amzn.to/3UhPCWZ Explains how the crypto industry started and evolved through five crypto bull and bear markets, and how everything in crypto is ultimately connected. This book is an updated and expanded version of 'Crypto Titans: How trillions were made and billions were lost in the cryptocurrency markets'. It shows all the main players behind the three-trillion-dollar industry, and how billions of dollars have been lost in the pursuit of crypto gains. If you want to understand why and when crypto prices move up or down, this book is for you. In this book you'll learn: How each of the five crypto bull markets of 2011, 2013, 2017, 2021 and 2023 unfolded, the drivers behind them, and what caused prices to correct violently during bear markets How crypto markets naturally progressed, and how everything is therefore relatedThe players involved, and how they have made money—while others have lost large sums. Praise for Bitcoin: The Irresistible Rise “The Irresistible Riseis essential reading for anyone interested in understanding the history of crypto. Markus has done an excellent job covering all the important names and stories that have shaped the crypto industry, consistently hitting the nail on the head with accurate analysis to help readers understand the motivations and personal characteristics. I highly recommend this book to anyone.” Jihan Wu, Founder, Bitdeer and Matrixport “This book takes the latter approach, allowing readers to construct their own context. It’s up to you to make connections from the very early, pre-2017 days, which I found most interesting since I did not witness them personally. Markus’s impartial approach in assessing the events is ideally suited for this. I recommend this book to anybody interested in crypto.” Evgeny Gaevoy, CEO and Cofounder, Wintermute “Bitcoin is transforming the entire economy, and there will be many fortunes won and lost. But the drumbeat continues. Technology always shines in the end. Read this book. Great lessons learned.” Tim Draper, Founder, Draper

👇1-12) Ethena’s TVL has just surpassed $2bn, and besides Ethereum, the protocol has onboarded Bitcoin as a backing asset for its ‘synthetic dollar.’ According to the protocol's CEO, this BTC onboarding could open the door for TVL to increase to $10bn (eventually). Currently, the token is at $1.07, and if TVL increases from $2bn to $10bn, the ENA/USDT could also increase by a similar magnitude - we would project. 👇2-12) read more here -> https://signals.10xresearch.co/p/altcoin-model-portfolio-enausdt #ENA

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