The digital asset research service 10x Research, led by CEO Markus Thielen, has taken a more cautious stance on bitcoin (BTC) and believes the cryptocurrency market may be entering a new phase. The firm's historical analysis of prior bull markets suggests that the shooting star candlestick pattern observed in December 2024 could be a bearish reversal signal and indicate a weakening of buying pressure. Despite this, 10x Research does not definitively state that the bull market is over but advises investors to expect heightened volatility in 2025. Other analysts also have varied perspectives, with some predicting a final rally for bitcoin and others stressing caution. Risk management and staying rational are essential as investors navigate the uncertain market conditions.



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