Bitcoin BTC/USD is stuck in a rut, and 10x Research isn’t holding back in their latest Tuesday note. They say weak signals, fading hype, and no big wins are dragging it down into a mini bear market.
Prices might bounce between $73,000 and $94,000 for now, unless something shakes things up.
Charts Aren’t Looking Pretty
The report says Bitcoin can’t climb past its big $88,000 marker, which 10x uses to spot bull or bear trends. It’s also sitting under its 21-week average—a long-term sign things are off.
A quick jump to $88,500 flopped, and traders bailed at $93,000, adding more gloom. “On-chain stuff screams mini bear market,” 10x wrote. No momentum flip, no hope yet.
Cash and Confidence Are Drying Up
Money’s not flowing like it used to. Funding rates are low—nobody’s taking risks. Retail folks got burned bad on meme coins like Trump TRUMP/USD and aren’t coming back. ETF cash has been leaking out for two months straight.
Hedge funds quit their tricks since the payoff is weak. “No juice in funding rates, no ETF boom,” 10x shrugged. Fed rate cuts? Maybe September, not June—inflation’s sticky. Trump’s Bitcoin reserve talk? All hot air, no action.
Bitcoin’s Still Tougher Than Most Coins
Even with the mess, Bitcoin Price predictions holding up better than altcoins, which are tanking hard. 10x’s special mix of market cap and dominance shows it. Tron TRX/USD and Toncoin TON/USD are hanging in there, maybe thanks to some global edge.
Still, Bitcoin’s stuck in that $73,000 to $94,000 zone. “It’s shaky out there,” 10x said. They’re betting on selling options—puts low, calls high—to ride it out.
