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Bitcoin may confirm a market bottom this August if it closes above $63,000, says 10x Research.

Technical Signals
04 Aug 2026
Cointribune
View Source
Bullish
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10x Research suggests Bitcoin could confirm a market bottom this August if it closes monthly above $63,000, activating key technical indicators. The analysis depends on stable U.S. monetary policy and bond yields, with risks from potential Fed rate hikes and geopolitical tensions. Other experts note that over half of Bitcoin's supply is held at a loss, a historical sign of market lows, and long-term holders are accumulating. The coming days are crucial for confirming this potential trend reversal, but worsening economic conditions could delay it.

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