A company claiming that its previous predictions in Bitcoin have come true shared the new BTC movement it expects!

Crypto analysis company 10x Research evaluated the current technical outlook of Bitcoin in its latest report. The company stated that a significant move is expected for Bitcoin in the near future.

10x Research reminded that in their report dated February 4, they detected a "Diamond Top" formation during the period when Bitcoin was trading at around $100,000 and warned investors of an impending correction. The company stated that this formation was confirmed by the breaking of the critical $95,000 support level, asserting that this level is a technically significant trigger.

On February 25th, 10x Research noted that Bitcoin not only broke below the level of $95,000 but also the realized cost price for short-term investors, triggering a wave of liquidations. The firm indicated that the risk of a decline increased with the technical structure transforming into a "rising expanding wedge" formation, forecasting a target of $73,000. Shortly after, Bitcoin dropped to $74,400, coming very close to this prediction.

As of April 13, 10x Research reported that they have taken long positions again during the period when Bitcoin was trading at $85,322, stating that technical indicators pointed to a 10% increase.

Regarding the current situation, 10x Research reported that Bitcoin has risen again to the $94,000–$95,000 region but is struggling at this critical resistance. The company stated that for Bitcoin to make a strong breakout above this level, there needs to be an increase in trading volumes, growth in stablecoin supply, noticeable changes in implied volatility, and significant improvements in overall liquidity flows.

The current critical question is expressed as follows: "Have these fundamental indicators in the market structure experienced a strong enough reversal, or is the technical recovery reaching a peak, preparing Bitcoin for a sharp pullback along with the increase of macro and tariff risks?"