Bitcoin

<ul><li>10x Research predicts Bitcoin could surge to $83,000 soon, citing a bullish head-and-shoulders pattern.</li><li>Global central bank rate cuts bolster BTC&#39;s outlook, with U.S. economic slowdown further supporting the bullish trend.</li><li>Ether price decline could hinder Bitcoin&#39;s rise, making Ethereum&#39;s $3,725 support level crucial for the rally.</li></ul>Renowned digital asset research firm 10x Research has recently shared a detailed analysis <a href="https://x.com/10x_Research/status/1798952533743792494" rel="noopener noreferrer nofollow">suggesting</a> that Bitcoin potentially soaring to an unprecedented $83,000. In a recent X post, 10x Research highlighted the formation of a head-and-shoulders pattern, signaling a bullish trend for the leading cryptocurrency.According to a recent <a href="https://mail.10xresearch.co/p/bitcoin-rally-83000-takes" rel="noopener noreferrer nofollow">report</a>,  Bitcoin could break its resistance line within the next few days, with an ideal timeframe being today, Friday, June 7, or Wednesday, June 12. 10x Research remains decidedly bullish on Bitcoin’s trajectory.This optimism is reinforced by the recent initiation of a global central bank easing cycle. Over the past week, interest rates have been cut in Canada, Denmark, and Europe, marking a significant shift in monetary policy. As the United States grapples with slowing <a href="https://cryptotale.org/congress-urges-president-to-secure-release-of-detained-binance-executive-in-nigeria/" rel="noopener noreferrer nofollow">economic growth</a>, weakening employment figures, and declining consumer spending, inflation is anticipated to decelerate, further boosting the outlook for Bitcoin.Historically, the Federal Reserve has only reduced interest rates once during the May-November period ahead of U.S. Presidential elections over the past 30 years. However, 10x Research points out that the <a href="https://cryptotale.org/dmm-bitcoin-plans-321m-recovery-after-major-hack/" rel="noopener noreferrer nofollow">market&#39;s perception</a> of potential rate cuts often plays a more crucial role in driving risk assets than the actual cuts themselves. This nuanced understanding bolsters their bullish stance on Bitcoin and other risk assets, anticipating new all-time highs in the near future.<a href="https://cryptotale.org/bitcoin-btc-surge-imminent-analyst-predicts-83000-rally/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin (BTC) Surge Imminent? Analyst Predicts $83,000 Rally

CryptoTale

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