TechFlow news, cryptocurrency research firm 10x Research has released a new analysis report. According to historical data analysis, Bitcoin typically sees flat returns in August and a downward trend in September. However, favorable factors such as U.S. interest rate policy, declining inflation, and the election calendar may alleviate the downward pressure from approximately $1 billion worth of token unlocks expected in August.
The report notes that Bitcoin's market dominance is reaching a new high for this cycle, a development worth watching. 10x Research expects that Bitcoin’s eventual breakout may require macro-level catalysts, such as anticipated Fed rate cuts or further declines in inflation. Analysts recommend traders closely monitor Bitcoin’s price action as it approaches the upper bound of its current range.
The report highlights that key upcoming events—the Federal Reserve’s FOMC meeting on July 31 and the U.S. CPI report on August 14—could determine whether Bitcoin continues to trade within its current wide range or breaks out beyond it.
