Bitcoin will crash to $50K, 10x Research warns
According to 10x Research, Bitcoin’s potential drop below $50,000 is linked to dwindling buy flows and accelerating sell flows.
According to experts at 10x Research, Bitcoin is poised to fall below $57,000 from over $60,000 on July 4. They suggest that this sharp decline may just be beginning, potentially dropping further to $50,000.
Breaking the psychological $60,000 benchmark toward $50,000 marks a significant shift in market sentiment, which 10x Research attributes to buy flows drying up “while sell flows are accelerating.”
Markus Thielen, an analyst at 10x Research, suggests that the downward spiral was foreseeable, stating:
According to 10x Research, Bitcoin’s potential drop below $50,000 is linked to dwindling buy flows and accelerating sell flows.
According to experts at 10x Research, Bitcoin is poised to fall below $57,000 from over $60,000 on July 4. They suggest that this sharp decline may just be beginning, potentially dropping further to $50,000.Breaking the psychological $60,000 benchmark toward $50,000 marks a significant shift in market sentiment, which 10x Research attributes to buy flows drying up “while sell flows are accelerating.” Markus Thielen, an analyst at 10x Research, suggests that the downward spiral was foreseeable, stating:Read more