10x Research: Bitcoin is expected to rebound to the $60,000-62,000 range

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Odaily2024/07/09 09:04

By:Odaily

Odaily News 10x Research said in its latest market analysis that all six applicants for the spot Ethereum ETF have submitted updated S-1 forms, indicating that the SEC may approve the application soon. In addition, oversold indicators suggest a short-term reversal, and a small rebound may be expected. Currently, two of the three reversal indicators have turned bullish, with the RSI index at 38%, and short sellers may need to wait until Bitcoin experiences a potential failure in breaking through $60,000-62,000, which may drive prices lower.

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