Bitcoin poised for potential rally as FTX payout looms and Fed shifts
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
Bitcoin could be on the verge of a significant rally by the end of 2024, according to insights from the latest 10x Research report.
The report highlights the volatile year so far but discusses a paradigm shift in light of the combination of forces driving the cryptocurrency market and seasonal patterns.
Speaking with Cointelegraph, Markus Thielen, the founder of 10x Research, explained that there is a “key focus” on the FTX payout, as the “proposed $5–$8 billion inflow” could spark bullish sentiment:
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
Bitcoin could be on the verge of a significant rally by the end of 2024, according to insights from the latest 10x Research report.The report highlights the volatile year so far but discusses a paradigm shift in light of the combination of forces driving the cryptocurrency market and seasonal patterns.Speaking with Cointelegraph, Markus Thielen, the founder of 10x Research, explained that there is a “key focus” on the FTX payout, as the “proposed $5–$8 billion inflow” could spark bullish sentiment:Read more