Odaily Planet Daily News 10x Research released a research report, stating that it warned on December 20 last year that BTC may come under pressure due to global Liquidity tightening and macroeconomic factors such as the Fed's interest rate hike, especially after MicroStrategy was included in the Nasdaq 100 index, market sentiment has turned cautious.
Yesterday, the price of BTC broke through the key support level of 95,000 USDT and fell below 92,000 USDT, triggering a large-scale liquidation of up to 467 million USD. Technically, BTC has formed a diamond top pattern, indicating that the price may fall to the range of around 73,000 USDT, in line with the previous summer's range of fluctuations.
In the short term, the market may still face further adjustments, especially when short-term holders have already experienced losses. However, based on historical trends, the BTC price usually rebounds when it falls to about 73,000 USDT. Although the long-term outlook remains optimistic, investors should pay attention to the policy changes of the Federal Reserve in 2025, especially the possible turnaround in March.
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10x Research: BTC may fall to around 73000 USDT
Odaily Planet Daily News 10x Research released a research report, stating that it warned on December 20 last year that BTC may come under pressure due to global Liquidity tightening and macroeconomic factors such as the Fed's interest rate hike, especially after MicroStrategy was included in the Nasdaq 100 index, market sentiment has turned cautious. Yesterday, the price of BTC broke through the key support level of 95,000 USDT and fell below 92,000 USDT, triggering a large-scale liquidation of up to 467 million USD. Technically, BTC has formed a diamond top pattern, indicating that the price may fall to the range of around 73,000 USDT, in line with the previous summer's range of fluctuations. In the short term, the market may still face further adjustments, especially when short-term holders have already experienced losses. However, based on historical trends, the BTC price usually rebounds when it falls to about 73,000 USDT. Although the long-term outlook remains optimistic, investors should pay attention to the policy changes of the Federal Reserve in 2025, especially the possible turnaround in March.