PiCK
[Analysis] "Bitcoin Expected to Experience Increased Volatility and Corrections Before Trump's Inauguration"
Suehyeon Lee
Summary
- 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.
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.
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