CoinTelegraph
Bitcoin may find bear market bottom in August: 10x Research
August 3, 2026•07:25 AM
10x Research suggests Bitcoin may confirm a bear market bottom in August with a monthly close above $63,000. The cryptocurrency closed July below this threshold needed to confirm a technical bottom, but was trading at $63,140 when the analysis was prepared, meaning a relatively small gain could trigger the reversal signal. 10x Research, led by founder Markus Thielen, continues to favor long positions but would shift to a neutral stance if Bitcoin broke key support levels and moving averages. The report also highlights that rising Treasury yields could force the Fed to raise rates in September, a factor that could impact the cryptocurrency market. Confirmation of a technical bottom would be a positive signal for Bitcoin investors.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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