Markus Thielen, head of research at 10x Research, said that after the Securities Exchange Commission (SEC) approves SAB 121, Ethereum will usher in a "potential tactical breakout". "Ethereum may break out of its current triangle shape and cautiously stop losses near the recent low of $3,186," Thielen said.
10X Research posted on social media that gold and bitcoin are entering a critical moment in the market. As gold rallied near all-time highs, bitcoin continued to show bullish momentum, and macroeconomic factors such as easing inflation concerns, milder-than-expected tariffs, and dovish comments from the Federal Reserve all fueled optimism in the market...
Markus Thielen, founder of 10x Research, said: "Bitcoin continues to trade in a narrow range, with several key catalysts ahead, and expectations of a rise in CPI data have risen, creating a situation where lower-than-expected inflation data could trigger a rally in Bitcoin." (Coindesk)
Markus Thielen, head of research at 10x Research, said that the bitcoin price is on track for a breakout before the Federal Reserve Open Market Committee (FOMC) meeting at the end of January. The current bitcoin price is at $96,794, and this breakout could go up or down. Thielen noted in his January 14 market report that bitcoin is trading within a narrowed triangle, indicating that a breakout is imminent and is not expected to come later than the January 29 FOMC meeting. From a trading perspect...
10X Research market analysis notes that U.S. stocks have erased all gains since Trump's election in November, despite initial expectations that the election would drive stronger growth and lower taxes. Expectations of a post-election rally in the cryptocurrency market quickly faded on December 6, after which trading volumes fell sharply and funding rates peaked on that date, indicating the significance of the day. Macroeconomic factors are driving the bitcoin and cryptocurrency markets...
In its market analysis, 10x Research notes that while some initial enthusiasm is expected at the start of the new year, this is not the time to experience bullish sentiment similar to those seen in late January to March or late September to mid-December 2024. Expect a good start to the year, followed by a slight pullback before the release of CPI data on January 15. Favorable inflation data could rekindle optimism,...
10X Research said in a post on the X platform that it has been emphasizing that MicroStrategy is overvalued in recent weeks. Investors have a significant premium for indirect bitcoin exposure, rather than as a true leveraged investment in bitcoin. The stock's underperformance, despite the large number of bitcoin acquisitions, suggests that investors are no longer willing to buy bitcoin at an implied price of $200,000 (or more) through MicroStrategy, and can directly buy it.
Markus Thielen, head of research at 10x Research, said that Ethereum may not be the smartest investment choice in the 2025 bull market, speculating that the asset could deliver disappointing returns compared to Bitcoin. While we appreciate the volatility of Ethereum, we believe it is still a poor medium-term investment and expect ETH to underperform BTC again in 2025.