Well-known crypto research institution 10x Research posted on the X platform that Bitcoin remains one of the most attractive assets in terms of risk/reward potential. Since warning of downside risks after Bitcoin's March-April peak, the agency has taken a tactical optimistic stance after Bitcoin's sharp decline. Several reports previously released support its more optimistic outlook for Bitcoin's surge.
In addition, a breakout of Bitcoin's downward trend line could indicate stronger upward momentum, potentially allowing Bitcoin to exceed the 21-week simple moving average ($60,996), a key indicator for determining whether it is in a bull market (above) or a bear market (below). A breakout of this level sets the target at $65,000 (now within reach). It is worth noting that the current trading signal has increased long positions to 70% of net long positions for the first time. Based on historical pattern analysis, this shift suggests that Bitcoin and Ethereum may offer attractive buying opportunities next, with a time span of 2-3 months.