10x Research Founder: BTC stabilizes above short- and medium-term moving averages, dominance exceeds 60%, signaling a bullish outlook

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Deep Tide TechFlow News, May 3rd, 10x Research founder Markus Thielen posted on the X platform stating that Bitcoin has now crossed above the 7-day and 30-day moving averages, with short- and medium-term trends remaining bullish. The recent week saw a 1.1% increase, and news of institutional continuous buying and large corporate treasury holdings increasing Bitcoin further boosted market confidence. However, influenced by the historical pattern of “selling after good news,” the market then experienced a brief consolidation.

Markus Thielen analyzed that, with Bitcoin dominance maintaining above 60%, some altcoins are quietly bottoming out under fundamental catalysts, especially privacy coins and RWA infrastructure-related projects worth paying close attention to. Additionally, the market sentiment is reinforced by a White House advisor hinting at upcoming announcements regarding national strategic reserves and other news.

BTC0.21%
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