Odaily星球日报讯 10x Research 在其市场分析中表示，自 3 月中旬以来，比特币经历了一次波动性调整，其中包括四次局部低点。突破 6.5 万美元的水平将标志着这种下行趋势的逆转，这表明比特币可能再次瞄准 7 万美元以上的水平。比特币可能会在今年第四季度达到历史新高。投资格局的转变引发了对高风险、高回报资产的追捧。 此外，山寨币的交易量激增，从比特币（8 月份曾是韩国交易员的首选）转向了贝塔系数较高的替代品。

Odaily星球日报讯 10x Research 在其市场分析中表示，自 3 月中旬以来，比特币经历了一次波动性调整，其中包括四次局部低点。突破 6.5 万美元的水平将标志着这种下行趋势的逆转，这表明比特币可能再次瞄准 7 万美元以上的水平。比特币可能会在今年第四季度达到历史新高。投资格局的转变引发了对高风险、高回报资产的追捧。此外，山寨币的交易量激增，从比特币（8 月份曾是韩国交易员的首选）转向了贝塔系数较高的替代品。

10x Research：比特币突破6.5万美元将标志下行趋势逆转，山寨币交易量激增

According to the market analysis by 10x Research, Bitcoin has experienced a volatile adjustment since mid-March, including four local lows. Breaking through the $65,000 level will mark the reversal of this downward trend, indicating that Bitcoin may once again target levels above $70,000. Bitcoin may reach a new all-time high in the fourth quarter of this year. The shift in the investment landscape has led to a surge in demand for high-risk, high-return assets. Additionally, the trading volume of Altcoins has surged, with investors shifting from Bitcoin (which was the preferred choice of Korean traders in August) to alternatives with higher beta.

Odaily Odaily 10x Research said in its market analysis that Bitcoin has experienced a volatile adjustment since mid-March, including four local lows. A break above the $65,000 level would mark a reversal of this downward trend, suggesting that Bitcoin could target levels above $70,000 again. Bitcoin could reach a new all-time high in the fourth quarter of this year. The shift in the investment landscape has sparked a rush for high-risk, high-return assets. In addition, Altcoin trading volumes have surged, shifting from Bitcoin (which was the top choice for South Korean traders in August) to alternatives with higher beta coefficients.

10x Research: Bitcoin's breakthrough of $65,000 will mark a reversal of the downward trend, and Altcoin trading volume surges

ChainCatcher News, Bitfinex released a report stating that "although the Bitcoin trend is strong, Bitcoin has not yet broken through the key high of $65,200 on August 25. This is very important because if Bitcoin fails to break this level, it will confirm a pattern since it hit a record high of $73,666 in March, that is, Bitcoin has not been able to exceed any previous highs, forming a new local bottom, maintaining a downward trend. In other words, from a longer time frame, Bitcoin has been in a downward trend since March. 

In addition, although the recent price increase is optimistic, the growth of Bitcoin's open interest has exceeded the increase in Bitcoin's own price, indicating that last week's trend was more from the futures and perpetual markets, rather than the spot market. 

At the same time, we have also seen some Altcoins soar, with some well-known tokens rising more than 100% from their lows in August and September. However, caution is also needed here, as the open interest of Altcoins has also reached new highs, but the overall Altcoin market has not seen a corresponding price breakthrough. The OTHERS index (measuring the performance of Altcoins outside the top 10 by market cap) has continued to decline over the past month.

As the spot Bit market buying momentum slows down, the incremental spot trading volume tends to stabilize when the price reaches $63,500, we expect Bit to be in a range-bound fluctuation in the short term.

However, an important counterargument is that the continued inflow of ETF funds may boost Bit prices. Last week, the spot Bit ETF recorded new inflows, adding $397.2 million. This suggests that if the traditional financial market such as the S&P 500 continues to rise, Bit may still have the potential for further upside. If Bit breaks through the key resistance at the end of August, this could drive its price to new highs, especially with the end of the summer low liquidity period. However, without sustained spot buying, Bit is most likely to consolidate or partially retrace."

Bitfinex report: As BTC spot market buying slows down, it is expected to be range-bound in the short term

Author: Martin Young, CoinTelegraph; Translated by Bai Shui, Jinse Finance

An analyst has stated that if the historical cycle pattern repeats, the Bitcoin and cryptocurrency market may be about to break out.

Analyst Rekt Capital in an article on September 24th pointed out that in previous market cycles, Bitcoin broke out of its re-accumulation range between 154 and 161 days after the halving.

This round of Bitcoin halving event occurred on April 20th, and it has been 157 days since then, so we are currently...

Rekt Capital: Bitcoin’s Breakout Moment Has Arrived

Traders on Tuesday raised the likelihood of the Federal Reserve cutting rates by 50 basis points for the second consecutive time to 61%.
- China has joined the near-global monetary easing movement of the major economies overnight.
- BTC has broken through the $65,000 mark for the first time since early August.
- An analyst said that breaking the $65,000 level could be a necessary condition to confirm the bullish trend.
As the tailwind of the upcoming global monetary easing cycle continues to drive the cryptocurrency market higher, the BTC price reached a one-month high during the US afternoon trading session on Tuesday.