10x Research Bitcoin Expected to Rebound to 83000 Soon Resistance Level Likely to be Broken in the Coming Days

According to a post by 10x Research, Bitcoin hitting a new all-time high is just a matter of time. The head and shoulders pattern indicates that Bitcoin will soon rebound to $83,000, with the resistance line likely to be broken in the coming days. The ideal time to break through this resistance is today (Friday, June 7) or next week (Wednesday, June 12). A few days ago, we pointed out that the global central bank easing cycle is about to begin, and this week’s rate cuts in Canada, Denmark, and Europe have confirmed this. With the weakening of US economic growth, employment, and consumer spending, inflation slowing down is only a matter of time. Although the Fed has only cut rates once in the period from May to November before a US presidential election in the past 30 years, risk assets mainly depend on market expectations of rate cuts, rather than actual rate cuts.