CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-07-06 04:02:00

Bitcoin Set to Plunge to $50,000, Experts Warn of Further Decline

Experts at 10x Research predict Bitcoin is set to fall below $57,000 from its current level of over $60,000 on July 4. They believe this sharp decline may just be the beginning, potentially dropping further to $50,000. This marks a significant shift in market sentiment, attributed to a decrease in buy flows and an acceleration in sell flows. Markus Thielen, an analyst at 10x Research, commented on the situation: “Our data from early June already hinted at an overbought market ripe for correction.” The sudden 5.44% fall in Bitcoin’s price has significantly impacted investor sentiment and market liquidity, with Bitcoin’s

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.