Bitcoin’s Heading To $73,000 Without A Fresh Narrative: 10x Research
Bitcoin (CRYPTO: BTC) is on a steady trajectory toward $73,000, but the cryptocurrency market may need a new narrative to spark its next significant upward move, according to Markus Thielen, lead analyst at 10x Research.
What Happened: In a report released Tuesday, Thielen highlighted eerie parallels between the current market cycle and past crypto bull runs, pointing to fading retail enthusiasm and crumbling speculative narratives like meme coins as signs of an impending shift.
While Bitcoin shows resilience, the broader market—marked by sharp declines in tokens like Solana (CRYPTO: SOL) and Trump (CRYPTO: TRUMP)—suggests a structural slowdown that could stall momentum without fresh catalysts.
“Bitcoin is steadily heading toward $73,000, reinforcing the accuracy of our bearish outlook,” he writes in the report, emphasizing that this …
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