Last week, due to three consecutive days of net outflow of Bitcoin spot ETF, Bitcoin experienced a relatively large price correction after breaking through a new high. However, in recent days, Bitcoin has shown a trend of rebound after the stabilization.
In an analysis video released by 10x Research analyst Markus Thielen last night, he pointed out that the price level of $68,330 is crucial for the future trend of Bitcoin, as it was the starting point for the last time Bitcoin reached a new high.
In view of this, Markus Thielen believes that from a technical perspective, the trend of Bitcoin has gradually formed a head and shoulders bottom pattern. If Bitcoin can break through and stabilize above the $68,330 level, there is a great chance of directly reaching the next historical high target of $83,000, or even surpassing the $100,000 mark.
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