10x Research: Technical indicators turn bullish, Trump's victory boosts Bitcoin price rise

2024-07-01 16:27:25

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ChainCatcher news, 10x Research released a market analysis report indicating that it was mentioned in the report on June 25 that "Bitcoin is severely oversold." Currently, three market reversal indicators have turned bullish, and the approval of the Ethereum ETF has been postponed to around July 8, delaying the Sell The News date. Meanwhile, Biden's poor performance in the presidential debate has led the market to favor a Trump victory, boosting Bitcoin prices.

Bitcoin rose by 4% as President Biden refused to let other Democratic candidates compete against former President Trump. Reports suggest that Biden's family is supporting his re-election campaign, as are every Republican, and market sentiment indicates that Biden's chances of defeating Trump in the November election seem slim. Polls show that even if Biden quickly withdraws from the race, another candidate, such as California Governor Gavin Newsom, would also lose to Trump.

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