BTC, ETH Rebound Is Questionable but Not All is Lost: Analysis
The post BTC, ETH Rebound Is Questionable but Not All is Lost: Analysis appeared on BitcoinEthereumNews.com.
Bitcoin BTC $116 801 24h volatility: 0.1% Market cap: $2.32 T Vol. 24h: $36.54 B and Ethereum ETH $3 907 24h volatility: 2.3% Market cap: $471.80 B Vol. 24h: $32.64 B turned green in the past 24 hours with BTC reclaiming $116K and ETH pushing above $3,900. Research firm 10x Research said that several catalysts are driving the two largest cryptocurrencies toward key levels. In a July 28 note, the firm forecasted that Bitcoin could retest its $111,673 breakout point before presenting a favorable risk/reward entry. On August 7, Bitcoin dipped to $111,643 before swiftly rebounding to $117,000. Several Catalysts Are Driving Bitcoin and Ethereum Toward Breakout Levels — But Is It Enough? Actionable Market Insights In our July 28 report, we noted: “We would prefer to see Bitcoin retest its $111,673 breakout level to provide a more favorable risk/reward entry point.” On… pic.twitter.com/1jPVNEwNyx — 10x Research (@10x_Research) August 8, 2025 Caution Amid Major Developments 10x Research cautioned that compressed volatility, seasonally weak trading months, and the absence of strong macroeconomic drivers could limit bullish momentum. Political developments, including President Donald Trump’s push to expand 401(k) crypto access and his emphasis on gold, may influence sentiment as well. From Fear to Key Resistance Levels Just a week ago, fear drove Bitcoin below $110,000 amid speculation of a market breakdown. However, Swissblock data indicates that risk remains contained. Since then, Bitcoin has rallied into the firm’s “blue zone” target, as shown in a chart shared by Swissblock. Now, price has reached the blue zone target. If it consolidates here, wait for momentum to align. Next target: breakout zone at $120.5K. pic.twitter.com/SScvo5P01z — Swissblock (@swissblock__) August 8, 2025 Swissblock analysts now see $120,500 as the next breakout level, but warn that a period of consolidation will follow before any significant surge in…
Filed under: News - @ August 8, 2025 11:32 am