According to CoinMeta, 10xResearch stated that Bitcoin closed above its 1-year moving average on September 18, 2026, for the first time since November 2025. The firm was bullish on Bitcoin as of August 18, 2026, and predicted that the bottom of the Bitcoin cycle would be confirmed in August. In an earlier report, 10xResearch mentioned that they achieved a 10-fold return by positioning on Bitcoin bullish options that month. Although most investors remain skeptical, waiting for news catalysts to confirm the bottom, the firm believes that things are not that simple, and no single headline news can mark the arrival of the bottom. 10xResearch also pointed out that $63,000 is the only important number, and currently, more and more traders are confident that Bitcoin is entering a new bull market.