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🚀 Who is buying/selling Bitcoin? Seasonal trends for February...and more...

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10x Research
February 05, 2024

👇1-11) As expected, Bitcoin struggles with the 43,000/44,000 resistance level (see report January 29). We still hope that Bitcoin will break above this resistance and climb to the 52,000 level, but first, this 44,000 level needs to be cleared. With a strong macro and cross-asset tailwind, Bitcoin should rise higher this election year.

👇2-11) Some were disappointed by our conservative 2024 year-end target (see report February 2). Still, while we could entertain higher levels based on our data analysis, it is the most realistic target as there is no broader bull market theme in place (yet).

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