PANews reported on March 15 that according to Cointelegraph, Markus Thielen, chief cryptocurrency researcher at 10x Research, said that Bitcoin is "very likely" to repeat its 2024 trend and enter a long period of shock consolidation after setting a record high. It hit a record high of $73,679 in March last year, and then entered a consolidation phase, fluctuating in the range of around $20,000 before Donald Trump was elected President of the United States in November. Bitcoin's technical graphics resemble a "high and tight flag," which, although typically a bullish continuation pattern, also shows signs of weakness. At the same time, the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a "buy on dips" mentality.
10x Research: Bitcoin is "very likely" to consolidate for another 8 months
- 2025-03-18
Australian Crypto Exchange Swyftx Acquires New Zealand Digital Asset Platform Easy Crypto
- 2025-03-18
Coinbase Prime once again transferred about 66.5 BTC to the Grayscale Bitcoin Mini Trust address
- 2025-03-18
In the past 24 hours, the total network contract liquidation was 224 million US dollars, mainly long orders
- 2025-03-18
Bitcoin ETF has a net inflow of 3,008 BTC today, while Ethereum ETF has a net inflow of 287 ETH
- 2025-03-18
Coinbase Prime hot wallet transfers about 102 BTC to Grayscale Bitcoin Mini Trust address
- 2025-03-18
Market News: Trump administration is studying a simplified reciprocal tariff plan