10x Research sees $63,000 as key BTC range for rebound or further drop

10x Research said Bitcoin’s current price zone around $63,000 is a key range that will determine whether the asset forms a bottom or faces another sharp drop. Bitcoin traded sideways around $60,000 for about six months ahead of the 2024 U.S. presidential election, then climbed quickly from $70,000 to $90,000 after Donald Trump’s election victory was confirmed. 10x Research said trading volume in the $70,000-$90,000 range was light at the time, leaving limited support on the way down, and had previously warned that a break below $93,000 in November 2025 could trigger a sharp fall toward $65,000. BTC is now moving sideways in the $60,000 range again for an extended period, but 10x Research said trading volume and holder distribution in that range have changed significantly from the earlier period. The firm said those changes are likely to be the key factor in BTC’s next directional move.