10x Research Founder: BTC Holds Above Short- and Medium-Term Moving Averages, Dominance Rate Exceeds 60% Signaling Bullish Signal

Odaily Planet Daily News 10x Research founder Markus Thielen posted on platform X, stating that Bitcoin has now crossed above the 7-day and 30-day moving averages, with both short- and medium-term trends maintaining a bullish outlook. While the nearly 1.1% gain over the past week and news of continued institutional buying and increased treasury holdings by large corporations have further boosted market confidence, the market subsequently experienced a brief consolidation phase, influenced by the historical pattern of "buy the rumor, sell the news."

Markus Thielen analyzed that the White House advisor hinting at upcoming important news regarding national strategic reserves has also reinforced bullish market sentiment. Against the backdrop of Bitcoin's dominance rate remaining above 60%, some altcoins are quietly bottoming out with fundamental catalysts, particularly projects related to privacy coins and RWA (Real World Assets) infrastructure, which deserve close attention.