10x Research: Bitcoin’s breakthrough of $65,000 will mark a reversal of the downward trend, or it may target levels above $70,000 again

10x Research said in its market analysis that Bitcoin has experienced a volatile correction since mid-March, which includes four local lows. A breakout above the $65,000 level would mark a reversal of this downward trend, suggesting that Bitcoin could once again target levels above $70,000. Bitcoin could reach a new all-time high in the fourth quarter of this year. The shift in the investment landscape has sparked a rush for high-risk, high-return assets. In addition, altcoin trading volumes have surged, shifting away from Bitcoin (which was the top choice of South Korean traders in August) to higher-beta alternatives.