Could you elaborate on the current sentiment of 10x Research towards Bitcoin? Are they optimistic about its future prospects, or do they hold a more cautious view? Given the volatile nature of cryptocurrencies, it's crucial to understand the market sentiment and the position of leading research firms. Does 10x Research foresee significant growth potential for
Bitcoin in the long run, or do they believe it's overvalued and prone to a correction? Clarifying their stance would provide valuable insights for investors considering Bitcoin as a potential investment.
5 answers
DavidJohnson
Sat Jul 20 2024
As a leading cryptocurrency exchange based in the UK, BTCC offers a comprehensive range of services including spot trading, futures contracts, and wallet management.
Alessandro
Sat Jul 20 2024
Markus Thielen, the CEO and head analyst of 10x Research, has expressed his optimistic view on the current cryptocurrency rally.
Tommaso
Sat Jul 20 2024
According to Thielen, this rally is "undoubtedly on par" with the bull markets witnessed in 2020 and 2021, which reached their initial peak in April 2021.
BusanBeautyBloom
Sat Jul 20 2024
His bullish stance on the price of Bitcoin is supported by quantitative analysis and other tools.
CryptoPioneer
Sat Jul 20 2024
Notably, Thielen's bullish prediction comes after Bitcoin surpassed its multi-year highs on March 13, 2024.