10x Research: Bitcoin may rebound to $60,000-62,000 before being blocked

BlockBeats news, on July 9, 10x Research posted on social media that all six applicants for the spot Ethereum ETF have submitted updated S-1 forms, indicating that SEC approval may be imminent.

In addition, the RSI oversold indicator suggests that the market will reverse in the short term. Currently, two-thirds of the reversal indicators have turned bullish, and short selling may need to wait. If Bitcoin rebounds to the $60,000-62,000 level and fails to break through, it may cause the price of the currency to fall again.