10x Research: The interest rate decision on August 1 and the CPI data on August 14 are crucial to the medium-term trend of BTC

BlockBeats news, on July 29, 10x Research posted on social media that according to historical data analysis, Bitcoin's return rate flattened in August and fell in September. However, positive factors in US interest rate policy, falling interest rates and the election calendar may buffer any downward pressure from the unlocking of $1 billion in tokens in August. Bitcoin's dominance is creating new highs in this cycle and has a significant impact.

It believes that Bitcoin is expected to eventually break new highs, but Bitcoin may need "macro" help. The Federal Reserve's interest rate decision on August 1 and the CPI report on August 14 will be crucial.