#BTCvsMarkets
Bitcoin Might Stay Stuck for 8 More Months, Says 10x Research
Bitcoin could stay in a boring price range for months, just like it did in 2024, according to 10x Research’s top crypto expert, Markus Thielen.
When asked if Bitcoin might repeat the same pattern, Thielen said it’s “very possible.” In 2024, Bitcoin hit a record $73,679 but then got stuck between $70,000 and $90,000 until after Donald Trump was elected.
Now, even after Bitcoin’s new all-time high of $109,000 during Trump’s inauguration, Thielen says the price charts are showing "market confusion" instead of a strong move up. Bitcoin is currently stuck in a pattern called a “High and Tight Flag,” but it's looking weaker than usual.
He also pointed out that Bitcoin ETFs — investment funds that hold Bitcoin — aren’t seeing big new money coming in, even after recent price drops. In fact, since March, Bitcoin ETFs lost about $1.66 billion.
At the moment, Bitcoin is trading around $84,290 — that’s 23% lower than its $109,000 high.
Thielen says it’s not clear if Bitcoin will bounce back soon. So, he thinks people should be careful — there’s no strong sign of a big recovery yet.
Meanwhile, other analysts are also worried. Some think Bitcoin might fall to $75,000 if it can’t hold its current levels. Still, a few believe Bitcoin might find a strong support zone around $70,000 for a better recovery later on.