TechFlow news, cryptocurrency research firm 10x Research's latest report indicates that despite strong macroeconomic conditions, Bitcoin continues to struggle to reach $66,000. This stands in stark contrast to the robust rebound seen in U.S. technology stocks versus the underperformance of the crypto market.
Bitcoin is expected to fall back into the $50,000 to $60,000 range, potentially retesting the near-$50,000 low observed on August 5.
The $60,000 to $70,000 range may represent a top formation, with each correction over the past four months having been accurately forecasted.
Profit opportunities still exist in the cryptocurrency market, but current timing appears unfavorable.
Investors should focus on internal market dynamics and technical indicators rather than relying solely on macroeconomic data.
