10x Research: BTC and ETH are approaching a key breakout level, and the trend may accelerate
3 hours ago
According to an analysis released by 10x Research on Odaily Planet Daily, Bitcoin quickly rebounded to $117,000 after dipping to $111,643 on August 7, hitting the key breakout level retest target mentioned in a previous report and reigniting trading interest. The current market faces challenges such as compressed volatility, seasonal weakness, and insufficient macro drivers. Trump's recent push for 401(k) crypto investments and boosted interest in gold may lead to a shift in sentiment. Ethereum's active address count hit a new high, and the price rose, but this was largely driven by narrative. Both are at key technical hurdles, potentially leading to a large-volume breakout or a sharp pullback.
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