PiCK
[Analysis] "Bitcoin Expected to Experience Increased Volatility and Corrections Before Trump's Inauguration"
Suehyeon Lee
- 10X Research forecasts that Bitcoin's volatility will increase before Trump's inauguration in January next year.
- The stochastic indicator on the BTC/USD weekly chart indicates a possibility of corrections due to being in an overbought zone.
- The analysis emphasizes the need to prepare for further corrections in Bitcoin.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) is expected to undergo further corrections before the inauguration of U.S. President-elect Donald Trump in January next year, according to an analysis.
On the 29th (local time), 10X Research released a report forecasting that "Bitcoin's volatility will increase and further corrections will occur before the inauguration of U.S. President-elect Donald Trump in January next year."
The report continued, "Currently, the stochastic indicator on the BTC/USD weekly chart is above 80, indicating an overbought zone when the indicator is above 80," and analyzed that "there is a possibility of corrections rather than further rises by January next year."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.PiCK News
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