PANews reported on March 15 that according to Cointelegraph, Markus Thielen, chief cryptocurrency researcher at 10x Research, said that Bitcoin is "very likely" to repeat its 2024 trend and enter a long period of shock consolidation after setting a record high. It hit a record high of $73,679 in March last year, and then entered a consolidation phase, fluctuating in the range of around $20,000 before Donald Trump was elected President of the United States in November. Bitcoin's technical graphics resemble a "high and tight flag," which, although typically a bullish continuation pattern, also shows signs of weakness. At the same time, the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a "buy on dips" mentality.
10x Research: Bitcoin is "very likely" to consolidate for another 8 months
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Author: PA一线
This content is provided for informational purposes only and does not constitute investment advice.
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