10x Research: Bitcoin may fall to around 73,000 USDT

Odaily Report: 10x Research has released a research report, in which 10x stated that it had warned on December 20 last year that Bitcoin could be under pressure due to global liquidity tightening and the Federal Reserve's interest rate hikes, especially after MicroStrategy was included in the Nasdaq 100 index, making the market sentiment more cautious. Yesterday, the price of Bitcoin broke through the key 95,000 USDT support level and fell below 92,000 USDT, triggering a massive liquidation of 467 million US dollars. Technically, Bitcoin has formed a diamond top pattern, suggesting that the price may drop to around 73,000 USDT, in line with the previous summer volatility range. In the short term, the market may face further adjustments, especially as short-term holders have already incurred losses. However, based on historical trends, Bitcoin prices usually rebound when they drop 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, especially the potential shift in March.