10x Research: Bitcoin Bear Market Low May Arrive Soon as Dollar Strengthens

According to 10x Research, the research firm released a market report on June 24 stating that the U.S. dollar's strength is a key factor affecting Bitcoin prices. The firm's dollar model has triggered only six sell signals since 2011, with the most recent on November 2025, after which Bitcoin prices continued to decline.

The report also examined a global liquidity indicator that gained popularity in the crypto community. The indicator issued a buy signal in early March 2026 and a sell signal in late April 2026. Combining dollar trends and macroeconomic factors, 10x Research concluded that the time window for Bitcoin's current cycle low point is gradually approaching.