10x Research: Bitcoin may drop to around $73,000
ChainCatcher news, 10x Research released a report, stating that on December 20 last year, 10x warned that Bitcoin could be under pressure due to macroeconomic factors such as tightening global liquidity and the Federal Reserve's interest rate hikes, especially after MicroStrategy was included in the Nasdaq 100 index, leading to a cautious market sentiment.Yesterday, the price of Bitcoin broke through the critical support level of 95,000 USDT and fell below 92,000 USDT, triggering large-scale liquidations amounting to 467 million dollars. From a technical perspective, Bitcoin has formed a diamond top pattern, indicating that the price may drop to around the 73,000 USDT range, consistent with the previous summer's fluctuation range.In the short term, the market may face further adjustments, especially as short-term holders are already experiencing losses. However, based on historical trends, Bitcoin's price typically rebounds when it declines to around 73,000 USDT. Although the long-term outlook remains positive, investors should pay attention to the Federal Reserve's policy changes in 2025, particularly the potential shift in March.