10x Research: Bitcoin may rebound to the level of $60,000-$62,000 before facing resistance
ChainCatcher News, 10x Research posted on social media that all six applicants for the spot Ethereum ETF have submitted updated S-1 forms, indicating that SEC approval may be imminent.
In addition, the RSI oversold indicator suggests a short-term market reversal. Currently, two-thirds of the reversal indicators have turned bullish and shorts might need to wait. If Bitcoin fails to break through after rebounding to the $60,000-$62,000 level, it could cause the coin price to fall again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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