The company claimed to have previous estimates in Bitcoin, shared the new BTC movement he expected!

Crypto para Analysis Company 10x Research in his latest report Bitcoin’in evaluated the current technical appearance. The company announced that a major movement is expected for Bitcoin.

In his report dated February 4, 10X Research recalled that a “Diamond Top” formation occurred in the period when Bitcoin was traded at the level of $ 100,000 and warned investors against an upcoming correction. Stating that this formation was confirmed by breaking critical $ 95,000 support, the company argued that this level is a technical trigger.

By 25 February, Bitcoin not only broke the level of $ 95,000, but also short -term investors broke the cost price of 10x Research, which triggered the wave of liquidation, he said. Stating that the risk of decrease increased with the transformation of the technical structure into a “rising expanding wedge” formation, the company envisaged the target of 73,000 dollars. Bitcoin soon decreased to $ 74,400 and fell to a very close level.

As of April 13, Bitcoin was traded at $ 85,322, indicating that they took the rise position again, 10x Research said that technical indicators pointed to a 10 %rise.

Regarding the current situation, 10x Research reported that Bitcoin has risen to $ 94,000–95,000 again, but it was forced to have this critical resistance. In order for Bitcoin to make a strong break on this level; He said that the increase in transaction volumes, growth in stablecoin supply, volatility changes in volatility and general liquidity flows should be seen.

The current critical question was expressed as follows: mı Is there a strong enough turn in these basic indicators in the market structure, or is the technical recovery to reach the summit and prepare Bitcoin to withdraw a sharp retreat with macro and tariff risks? ”

*It is not an investment advice.