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10x Research: Bitcoin may experience another false breakdown

10x Research: Bitcoin may experience another false breakdown

Bitget2024/05/03 02:40
By:Bitget

10x Research posted on social media that after Bitcoin's triangular consolidation, investors should be aware of potential false breakdowns in price. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three adjustments since the beginning of 2023. 10x Research stated that it is redefining its bull-bear dividing price line and may change previous views. The previous bearish boundary was $68,300.

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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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