CoinDesk quotes Markus Thielen, the founder of 10x Research, as saying that Bitcoin (BTC) could soon rise to $80,000, setting a new all-time high. At the time of writing, the price of Bitcoin has surpassed $72,000, breaking through a resistance line connecting the highs of March 15 and March 27, as well as a triangular convergence pattern formed by the lows of March 20 and April 3.
In a memo sent to clients on Monday morning, Markus Thielen, the founder of 10x Research, stated that if this breakout is bullish, Bitcoin could rise to $80,000 or more in the coming weeks, possibly even sooner. Markus Thielen added, “Buying at $69,280 and setting a stop-loss at $65,000 seems to be an appropriate trading strategy.”
Bitcoin and other cryptocurrencies had been in a weak state until the release of the unexpectedly strong non-farm payroll report, which reversed the downward trend. The report highlighted the resilience of the US economy and stimulated risk investment activities in various sectors of the financial market.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …