Odaily Planet Daily News 10x Research analyzed in its latest report that Bitcoin may fall to $55,000. The report said that according to the trend model, Bitcoin has entered a downward trend since June 20, and trend-following funds (CTAs) also follow similar strategies and may build short positions aggressively. The size of their positions may even increase, especially when volatility decreases or is low. The realized volatility is only 30%. The report also pointed out that weekly and monthly indicators sent bearish reversal signals, indicating that the market is undergoing a broad adjustment. Although the current Bitcoin price remains above $60,000, the weekly RSI peaked in early March and has declined. The monthly stochastic indicator is similar to previous multi-month peaks, such as January 2018 and May 2021.