#10X

10x Research: This bull run is over; the next one won’t happen until the new narrative arrives

A new report from 10x Research suggests it’s too early to buy a dip, as Bitcoin is heading to around $73,000 soon. The next bull run will require a new narrative, according to Markus Thielen, a CEO and the main analyst at 10x Research.

10x puts a substantial chunk of the blame for the crypto market decline on Trump’s policies and memecoins collapse:

“Many retail investors are now holding portfolios packed with meme coins, most of which are on a slow march to zero with TRUMP leading the way collapsing under the weight of speculation, much like the broader market under the so-called crypto president.”