10x Research: Bitcoin needs $40K for bull market

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A crypto analyst argues that Bitcoin’s price needs to return to levels seen around the launch of spot Bitcoin ETFs for an optimal entry point.

Bitcoiners should wait on the sidelines until the asset’s price falls to the low $40,000 zone to get the best entry price ahead of the next bull run, according to a crypto market analyst.

“To ideally time the next bull market entry, we aim for Bitcoin prices to fall into the low 40,000s,” 10x Research head of Research Markus Thielen wrote in an Aug. 7

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