#Bitcoin Falls Short of $70,000: Cause for Concern or Just a Pause? Analyzing the Market Pulse

👇1-12) At 10x Research, we've successfully anticipated several primary market moves this year. We accurately called the January correction and the subsequent rally towards $70,000, where we warned of a pullback to $50,000 before turning more strategically bullish in September, forecasting a Q4 breakout. Additionally, we were the first to highlight that Q1 Bitcoin ETF buying was primarily driven by hedge funds arbitraging the funding rate rather than long-only buying.

👇2-12) We also stayed ahead of the market by identifying declining #Ethereum revenues, which led to a 30% drop in Ether prices. However, we didn’t get everything right. We predicted Bitcoin miners would liquidate their inventories, exerting downward pressure on #BTC prices. While prices did fall, it wasn’t due to miner liquidations. Predicting the performance of Bitcoin mining stocks is one of the most challenging market calls, as Bitcoin's price and other factors influence their returns.

👇3-10) Since the #FOMC meeting, Bitcoin has surged 18%, driven by #Powell’s confirmation that the Fed would continue cutting interest rates. While this signaled bullish momentum, we advised investors to watch the 10-year yield closely. Trump’s increasing election odds could force the Fed to pause its rate cuts earlier than expected in response to his pro-growth policies. Though the market still anticipates rate cuts in November or December, rising bond yields are shifting the focus toward inflation, especially as countries may need to adopt pro-domestic growth strategies if global trade becomes constrained by #Trump’s tariff policies.

👇 4-10) Read our full report, link in the comments section.