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10x Research Turns Bullish on Bitcoin, Signals First Bull Market as of May 2026

GateNews

bitcoin news Market Analysis Price Prediction

2026-05-06 02:24:00

BTC-1.36%

According to 10x Research, Bitcoin has triggered its first bull market signal as of May 2026, with the research firm turning bullish a month ago. The firm noted that Bitcoin has recorded two consecutive months of positive returns, while ETF inflows have accelerated. Despite low trading volumes and persistent negative funding rates, 10x Research highlighted that most traders remain sidelined or bearish. The research firm emphasized that bear market reversals are signaled by improving technical indicators and risk-reward ratios rather than macro headlines, and pointed out that trader sentiment has improved but position adjustments have lagged.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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Comment

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Bovenphalla

· 05-06 02:25

Ape In 🚀

Reply0