Why Bitcoin Is Stuck In A Range And What Could Change That: 10x Research
Portfolio Pulse from Murtuza Merchant
Bitcoin's price stagnation is analyzed in a new report by 10x Research, highlighting both bullish and bearish signals. Mega whales are accumulating Bitcoin, while miners are selling due to reduced block rewards. Stablecoins and macroeconomic factors, such as Fed policy and inflation, are also crucial in determining Bitcoin's next move.
June 04, 2024 | 12:42 pm
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Bitcoin's price is currently in a range, influenced by whale accumulation and miner selling. Stablecoins and macroeconomic factors like Fed policy and inflation are key to its next move.
The report highlights significant factors affecting Bitcoin's price, including whale accumulation, miner selling, stablecoins, and macroeconomic factors. These elements create a balanced outlook, making the short-term impact neutral.
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