Bitcoin's Correction Ends, But It Has To Break This Target To Surge To $70K: 10x Research
Portfolio Pulse from Murtuza Merchant
Bitcoin's correction phase may have ended, with potential for a surge to $70,000. A 10x Research report indicates increased long positions and positive trading signals. Key support levels are at $52,599 and $56,000, with resistance at $64,490. A break above $64,490 could propel Bitcoin higher.
September 20, 2024 | 11:52 am
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Bitcoin's correction phase may have ended, with potential for a surge to $70,000. A 10x Research report indicates increased long positions and positive trading signals. Key support levels are at $52,599 and $56,000, with resistance at $64,490. A break above $64,490 could propel Bitcoin higher.
The report from 10x Research suggests a bullish outlook for Bitcoin, with increased long positions and positive trading signals. The key resistance level at $64,490 is crucial for a potential surge to $70,000. The recent Fed rate cut and increased futures trading activity add to the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ethereum is also seeing increased long positions and positive trading signals, similar to Bitcoin. The market dynamics, including the Fed rate cut and futures trading activity, suggest a favorable outlook for Ethereum in the short term.
Ethereum is benefiting from the same market dynamics as Bitcoin, with increased long positions and positive trading signals. The Fed rate cut and futures trading activity are likely to support a short-term rally in Ethereum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70