Last week, 10x Research predicted bitcoin (BTC) would fall to $50,000 and then enter a consolidation phase.
This week, the cryptocurrency is again trying to approach $60,000, but analysts at 10x Research still do not rule out its collapse to $50,000 or even below this psychological mark.
Head of research Marcus Thielen said that VTS will briefly be able to reach $60,000. But this jump will prove to be short-lived, as investors will start taking profits again. As a result, bitcoin will face a new dip if support around $55,000 doesn’t work.
The fall should trigger a surge of traders’ activity, and the amplitude of bitcoin’s fluctuations will increase again.
Markus Thielen emphasized: “We believe bitcoin could rise to almost $60,000, but then it will fall again to the lower limit of $50,000. This will create conditions for retail and large investors to activate”