🔔Odaily Planet Daily News🔔K33 Research predicts that the market will face $4 billion to $7 billion in Bitcoin selling pressure in the middle of this year, which will undoubtedly put pressure on Bitcoin prices. 😱
However, Markus Thielen, founder of 10x Research, is optimistic about Bitcoin. He believes that although Bitcoin prices may be under selling pressure in the short term, BTC has the potential to reach $60,000. 🚀
However, he also reminded investors that this rise will be short-lived. From a technical analysis perspective, the $55,000-56,000 range is forming a base, and there will be no tactical bullish counter-trend rebound in the short term. 📈
In general, although the market is under great pressure, the outlook for Bitcoin remains bright. Let us look forward to Bitcoin's performance together! 🌟 (Coindesk)