According to a COINOTAG news report on April 28, 10x Research released a detailed analysis report on the current trend of Bitcoin. The report points out that the resistance level of $94,000-$95,000 may continue to exert pressure on Bitcoin's upward trajectory in the short term. Notably, two key reversal indicators have turned bearish, while the stochastic indicator has soared to an astonishing 95%, highlighting potential short-term downside risks. However, industry analysts interpret this situation as a brief consolidation phase, expecting Bitcoin to soon break through the significant $100,000 mark. Investors are advised to closely monitor these technical indicators as they can provide insights into Bitcoin's next moves and the overall dynamics of the cryptocurrency market.
