TechFlow reports that on September 25, cryptocurrency research firm 10x Research released its latest market analysis, noting that Bitcoin has undergone a period of volatile consolidation since mid-March, forming four local lows during this time. A breakout above the $65,000 level would signal a reversal of this downward trend, suggesting Bitcoin could once again target levels above $70,000.
Notably, altcoin trading volumes have surged recently, as investor interest shifts from Bitcoin to higher-beta alternative coins. While Bitcoin was the preferred asset among Korean traders in August, this trend has now shifted. Markus Thielen, Chief Strategist at 10x Research, stated: "A key element of successful investing is identifying shifts in market themes and narratives. Many investors cling to outdated views even after fundamentals have changed, while astute investors quickly recognize these shifts and capitalize on emerging narratives."
