10x Research: BTC may rise to $60,000 briefly, and market volatility may continue until October

According to TechFlow, Markus Thielen, founder of 10x Research, said that Bitcoin may continue to rise to $60,000, but this rebound may be short-lived before falling again to a low of $50,000.

K33 Research expects the market to face pressure in the summer from the sale of seized funds by the German state of Saxony and the dumping of 75,000 to 118,000 BTC (worth approximately $4.3 billion to $6.8 billion) by Mt. Gox customers, and market volatility may continue until October.