TechFlow news: Cryptocurrency research firm 10x Research released a new report stating that last week Bitcoin broke out of its expected symmetrical triangle pattern, moving toward the target price of $65,000 and has already achieved a 9% return.
10x Research believes the current market is in a dynamic "hit-and-run" environment, where swift tactical trades could yield significant profits. As Bitcoin continues to trade sideways within a wide range, accurately forecasting macroeconomic events will be crucial to capturing opportunities.
The report also noted that the release of the dovish Federal Reserve meeting minutes last Wednesday helped drive Bitcoin's upward movement.
In addition, market focus is now shifting to NVIDIA's upcoming earnings report, with options markets pricing in an expected move of approximately 8% in its stock price.
