10x Research: Bitcoin may see a major change in the trading range of $60,000 to $70,000.

Odaily Odaily News 10x Research said in its market analysis that interpreting trends is particularly challenging at critical moments in economic and financial markets, as old narratives are questioned and new narratives gradually take shape. During this time, traders and investors must pay close attention to market signals. It is crucial to recognize that the market tends to focus on one mainstream narrative before turning its attention to the next topic. Understanding this dynamic is essential to effectively follow the market transition. After the German address sold BTC in late June, market concerns turned to the upcoming payout of Mt.Gox in early July. With the attack on Trump and his subsequent choice of Bitcoin holder JD Vance as his vice presidential candidate, the story took a dramatic turn. As Trump's odds of being elected soared to 70%, the price of Bitcoin was closely linked to these political developments. However, President Biden announced his withdrawal from the 2025 US presidential campaign on July 21, bringing the momentum to an abrupt halt. After the discussion of Bitcoin's strategic reserve emerged, Bitcoin once again broke through the $70,000 mark, which raised high expectations for Trump's speech at the Nashville Bitcoin Conference. Unfortunately, the speech did not live up to the hype. The rally ended when the US government moved $2 billion worth of Bitcoin. The $60,000 to $70,000 trading range has remained stable, but a major shift in this range is coming.