PANews, July 3 news, according to 10x Research analysis, Bitcoin has seen outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF inflows and a continuous decrease in exchange balances, while the Federal Reserve faces political pressure, Bitcoin's price remains relatively stable. With the traditional bull market season of July approaching and the upcoming labor market data to be released, the market may be brewing a significant breakthrough.
The report points out that the key factors supporting Bitcoin's rebound since late April not only persist but have also gained further support. Currently, Bitcoin is attempting to break through the critical $110,000 level, while low volatility provides investors with a rare opportunity to position themselves.
