According to experts at $BNB 10x Research, Bitcoin is poised to fall below $57,000 on July 4th above $60,000. They suggest that the steep decline could begin soon, potentially falling 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 buying flow drying up "while selling flow is accelerating."
Marcus Thielen, an analyst at 10x Research, explains that the downward spiral is predictable, stating:
"Our data from early June has already signaled an overbought market for a correction."
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