Cryptocurrencies rebounded on Tuesday, with Bitcoin rising nearly 3% to $58,000. Fears have eased after last week's decline.

There has been a market-wide recovery, with the CoinDesk 20 Index rising 2.4% in the last 24 hours. Native tokens of Solana, Filecoin, Avalanche, and Internet Computer Protocol led the way.

According to Markus Thielen, founder of 10x Research, it may take a while for Bitcoin to reach $60,000, but this rally will be short-lived.

“We expect Bitcoin to rise to $60,000 and then fall below $50,000, creating a complex trading environment,” Thielen said.

According to K33 Research's forecasts, the market will continue this summer in Saxony and Mt. It will need to absorb 75,000 to 118,000 BTC in sales from Gox customers. This is worth between $4.3 billion and $6.8 billion at current prices.

“We expect these flows to challenge performance in the coming months and for volatile market conditions to persist into October,” Lunde said.

So friends, we think Bitcoin will rise a little more and then fall. So what do you think? We are waiting your comments! 😁🚀📈💰🎉