10x Research: has been bearish on Ether due to disappointing revenue performance and lack of clear direction

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Bitget2024/10/11 10:40

In Bitget news, 10x Research released a report stating that，Bitcoin has been trading within a broad range around the $60,000 mark for nine consecutive months—an unprecedented stability period unlikely to last. By Q1 2025, #Bitcoin is poised to break out or see a significant drop. Several upcoming events will likely influence Bitcoin's price, making this a critical time to stay vigilant rather than become complacent.

We have maintained a bearish outlook on Ethereum due to disappointing revenue performance and a lack of clear direction. Ethereum needs a guiding vision, and the development team needs to make more effort to communicate its narrative, leaving it to external players like BlackRock to define what Ethereum represents.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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