Bitcoin Miners Have More Room to Rise, But Strong Bitcoin Fundamentals Are Crucial
CryptoNewsTerminal Staff15 Jun, 2024
Bitcoin Miners Have More Room to Rise, But Strong Bitcoin Fundamentals Are Crucial
10xResearch, a cryptocurrency market analytics firm, released a report on Thursday stating that "Bitcoin miners have further room to rise, but strong Bitcoin fundamentals are more crucial." However, the recent sideways movement in BTC should be a cause for caution, the report added. The report added, "Major miners like Bitfarms and Bitdeer have rallied significantly over the past two weeks, but it is important to remember that the BTC price has been struggling to break above the $71,946 resistance level."