TechFlow reports, according to a recent report by cryptocurrency research firm 10x Research, Bitcoin has once again attempted to break through the $70,000 mark, driven primarily by discussions around a "Bitcoin Strategic Reserve" and high market expectations surrounding Donald Trump’s speech at the Nashville Bitcoin Conference. However, Trump’s speech failed to meet market expectations, causing the breakout attempt to falter.
The report notes that the peak of this latest Bitcoin rally coincided with the U.S. government's transfer of $2 billion worth of Bitcoin. Currently, Bitcoin remains volatile within the $60,000 to $70,000 range, but 10x Research anticipates a significant shift in this trading range may be imminent.
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