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10x Research indicates that Bitcoin’s tumultuous correction since March may be nearing its end, with the $65,000 level identified as a critical threshold. Crossing this level could significantly increase the likelihood of Bitcoin 
$103,419 rallying back toward $70,000 and beyond. Furthermore, this development is anticipated to spark a robust rally across the altcoin market.
Signal for Bitcoin’s Trend Reversal
Bitcoin has been following a downward trend characterized by four lower peaks since March. However, according to 10x Research, breaking the $65,000 level could serve as a strong indicator that this downward trend is coming to an end.
The leading cryptocurrency entered an overbought territory after a brief surge at the beginning of September. Despite this, medium-term indicators show signs of recovery, suggesting that the downward trend may be ending and a potential upward movement might be beginning.
Analysts predict that if BTC surpasses this critical level, it could reach new highs above $70,000, potentially hitting record levels in the fourth quarter. This price movement could be supported by an increased interest in risky, high-return assets.
Strong Rally Expectations for Altcoins
Alongside Bitcoin, altcoins also appear ready for a strong rally in the fourth quarter. 10x Research anticipates that altcoins with high beta values can significantly benefit from the upward trend supported by Bitcoin. Low-market-cap altcoins like TAO, ENA, SEI, APT, SUI, NEAR, and GRT are particularly attracting investor interest, with potential for substantial gains in a decentralized finance rally.
Ethereum 
$2,440 exhibits a similar technical outlook, showing noteworthy recovery signals in medium-term indicators. Although fundamental dynamics remain weak, the recovery signals in technical indicators suggest that Ethereum may also experience a significant price increase. However, analysts do not expect Ethereum to surpass its historical peaks, while acknowledging the possibility of a strong upward movement.
