Odaily Planet Daily News 10x Research pointed out in its latest report that although bullish sentiment prevails in the Bitcoin/cryptocurrency field, at certain moments it is crucial to protect wealth or take advantage of a sharp drop in prices. On October 3, 2023, it predicted that Bitcoin will rise sharply, depending on whether the Federal Reserve maintains its current stance, and recommended "selling at the first Fed rate cut". This view has become increasingly prominent as the expected rate cut now appears to be driven by economic weakness rather than falling inflation. In October 2022, while most people were bearish, it took a bullish stance and halved the 2024 Bitcoin price target to $63,160, eventually reaching $63,491 on April 20, 2024. Similarly, the target for the end of 2023 was $45,000, but the final target was $43,613, which was also questioned. Many people were disappointed with the report released by 10x Research in early February, which set the target price of Bitcoin in 2024 at "only" $70,000. However, the report has already predicted a range of $60,000 to $70,000 in advance, with its stock-to-flow analysis predicting diminishing returns over time and a cycle high of $62,000.