10x Research: Bitcoin could climb above $80,000 in coming weeks
Technical analysis from 10x Research shows that BTC may soon rise to new all-time highs after breaking out of so-called triangle resistance. Markus Thielen, founder of 10X Research, said that if the breakout is bullish, we suspect that Bitcoin could climb above $80,000 in the next few weeks, or even earlier. Buying at $69,280 and setting a stop loss at $65,000 seems appropriate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: 527.22 BTC transferred out from a certain exchange, routed through intermediaries, and flowed into BlackRock.
Bit Digital: Held over 150,000 Ethereum as of the end of November, valued at approximately $460 million