Bitcoin News Today: 10x Research Analysts Warn of Sideways Trading Despite Long-Term Hopes for a Rally
Will Bitcoin Trade in the Range of $73,000 - $94,000?
Thelin expects Bitcoin to consolidate between $73,000 and $94,000, reflecting price behavior from 2024, when BTC hovered in a wide range after reaching peaks in March. This pattern was interrupted only by major geopolitical and economic events, such as Donald Trump's victory in the November 2024 U.S. elections.
Thelin said, "Short-term signals indicate a divergence with the optimistic long-term outlook," highlighting the need for a more detailed finance-driven approach to navigate the market.
June May Offer a New Historical Peak
While 10x Research anticipates a sideways range, other experts maintain a more optimistic tone:
Cory Klippsten, CEO of Swan Bitcoin, expects a 50% or greater chance of breaking historical peaks before the end of June.
Timothy Peterson and Jimmy Coats have reaffirmed similar views, pointing to underestimated momentum in the market.
The current historical peak of Bitcoin at $109,000, reached in January 2025, remains a key psychological and technical resistance level, according to Cointelegraph.