Bitcoin may hit bear-market bottom at $63K in August, says 10x Research

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Bitcoin may hit bear-market bottom at $63K in August, says 10x Research — Image source: Unblock Media

10x Research: A monthly close above $63,000 could confirm Bitcoin’s bear-market bottom.
Rising U.S. Treasury yields and potential Fed rate hikes threaten Bitcoin’s recovery.

On August 3, 2026 (UTC), Cointelegraph reported that 10x Research signaled a crucial threshold for Bitcoin: a monthly close above $63,000 in August could confirm a bear-market bottom and highlight robust institutional demand, despite ongoing selling pressure.

10x Research noted continued selling from Bitcoin miners and treasury companies. However, the report argued that institutional inflows might soon outweigh these sources of supply, turning several cycle indicators bullish if the close above $63,000 holds through the month.

The analysis also emphasized macroeconomic risks, warning that rising U.S. Treasury yields could lead the Federal Reserve to increase rates in September. Such monetary tightening, according to 10x Research, may hamper Bitcoin’s ability to recover in the third quarter.

As of August 3, 2026, 15:09 UTC, Bitcoin (BTC) trades at $63,755.78, with 24-hour trading volume up 1.14%, according to market survey data.