Bitcoin (BTC) Poised to Rally to $60K Before Another Dip to $50K Range, Ethereum (ETH) ETF Approval Imminent: 10x Research

A fresh 10x Research report points out risks currently looming over Bitcoin BTC/USD, as Ethereum ETH/USD readies for its ETF approval.

Fresh 10x Research highlights risks looming over Bitcoin as Ethereum ETF approval nears.

10x Research now points out risks currently looming over Bitcoin (CRYPTO: BTC) as Ethereum (CRYPTO: ETH) edges closer to ETF approval.

The report highlights that with all six applicants for spot Ethereum ETFs filing for updated S-1 forms, an approval is likely just around the corner.

10x Research notes that two out of three reversal indicators have turned bullish. With an RSI reading of 38, even short sellers may need to hold off a bit longer. However, a potential failure at the $60,000-$62,000 level could push prices lower.

The firm anticipates a short-term reversal in anticipation of a possible mini-rally, wherein the $55,000-$56,000 range is forming a base. 10x Research anticipates Bitcoin rallying to nearly $60,000 before experiencing another decline to the low $50,000 range.

10x Research also notes that several factors could impact彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集彙集

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