BTC Ranges in Box Despite Macro Tailwinds; $50k Retest Possible
CryptoNewsTerminal Staff15 Aug, 2024
BTC Ranges in Box Despite Macro Tailwinds; $50k Retest Possible
Crypto market analysis firm 10xResearch has noted that the cryptocurrency market remains stuck in a $50K-$60K trading range. This observation comes despite positive macroeconomic tailwinds. Cryptocurrency market analyst and 10xResearch founder Markus Thielen explained that the rebound rally since last Monday’s Black Monday is expected to stall at the $60,000 to $61,000 resistance zone. He added that there are still opportunities in the market, but timing will be key.