10x Research: Bitcoin Breaks out of Symmetrical Triangle, Eyes $65,000 Target

According to TechFlow, cryptocurrency research firm 10x Research has released a new report highlighting Bitcoin's recent breakout from a symmetrical triangle pattern, setting its sights on a target price of $65,000. So far, Bitcoin has delivered a 9% return following this breakout.10x Research notes that the current market is characterized by a dynamic "hit and run" trading environment, where quick tactical moves could yield significant returns. As Bitcoin continues to trade within a broad range, the report emphasizes the importance of accurately predicting macroeconomic events to capitalize on market opportunities.The report also credits the dovish Federal Reserve minutes released last Wednesday as a key factor in Bitcoin's recent surge. Additionally, market attention is now shifting toward Nvidia's upcoming financial report, with the options market anticipating an 8% fluctuation in its stock price.