According to BlockBeats, 10x Research has released a summary of its weekly market analysis report on March 26th. The report states that the three reversal indicators monitored by 10x Research remain bullish and are expected to continue.
As a result, Bitcoin is predicted to experience a significant increase by the end of this quarter, which is within this week. However, investors should still be cautious about the key level of $68,000, which should not be broken.
Markus Thielen, the founder of 10x Research, said yesterday that if Bitcoin can hold steady at $68,330, a technical head and shoulders bottom pattern will form. This would lead Bitcoin to directly target the next historical high of $83,000 and even potentially break through the $100,000 mark.
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