10x Research: Bitcoin is expected to eventually break new highs, but it requires the Federal Reserve to cut interest rates or inflation to fall again

10x Research released a report stating that based on historical analysis, Bitcoin's return rate often stays flat in August and declines in September. However, the "tailwind" brought by US interest rate policies, declining inflation rates, and election schedules may ease the downward pressure brought by the $1 billion token unlock in August.

Although it is expected that Bitcoin will eventually break through, it is likely to need "macro" help, namely the expected interest rate cut by the Federal Reserve or inflation to drop again. Traders must observe Bitcoin when the price is close to the top of the range. The FOMC meeting on July 31 and the US CPI report on August 14 are crucial.