TechFlow news, according to Coindesk, 10x Research analysis shows that Bitcoin may continue to decline in the short term, with RSI divergence signaling a potential correction bottoming around the dynamic support level of $38,000. Previously, BTC reached a two-year high but without confirmation from the RSI. The MACD histogram, used to measure trend strength and momentum shifts, has dropped below zero, indicating a bearish shift in momentum.
10x Research noted that Grayscale's ETF investors shifting toward other lower-fee options could impact Bitcoin’s price, as Grayscale charges 1.5%, while other asset managers like BlackRock charge only 0.25%. The report also mentioned Grayscale's bet on investors, expecting them to gradually move out of its 1.5% annual fee ETF due to tax considerations, opting instead for other reputable firms with lower fees.
