On April 28, 10x Research released an analysis report indicating that despite the short term, the resistance level of $94,000-$95,000 will continue to limit Bitcoin's upward momentum. Two reversal indicators have turned bearish, and the stochastic indicator has risen to 95%, suggesting short-term downside risks. However, analysts believe this only represents a short-term consolidation phase before breaking through $100,000.
10x Research: Bitcoin may break through $100,000 after short-term consolidation
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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