10x Research Founder: BTC Holds Firm Above Short- to Medium-Term Moving Averages, Dominance Rate Exceeds 60%, Signaling a Bullish Outlook

Markus Thielen, founder of 10x Research, stated in an article on the X platform that Bitcoin has now risen above its 7-day and 30-day moving averages, maintaining a bullish short-to-medium-term trend. It has risen 1.1% in the past week, with continued institutional buying and news of large corporate treasuries increasing their Bitcoin holdings further boosting market confidence. However, influenced by the historical pattern of "selling on rallies," the market subsequently experienced a brief consolidation. Thielen's analysis suggests that hints from White House advisors regarding upcoming important announcements about the national strategic reserve have also strengthened bullish sentiment. With Bitcoin's dominance remaining above 60%, some altcoins are quietly bottoming out, driven by fundamental factors, particularly privacy coins and RWA infrastructure-related projects, which deserve close attention.