🔥Bitcoin will crash to $50K, 10x Research warns: 😱😱😱😱😱
📌 According to 10x Research, Bitcoin’s potential drop below $50,000 is linked to dwindling buy flows and accelerating sell flows.
According to experts at 10x Research, Bitcoin is poised to fall below $57,000 from over $60,000 on July 4. They suggest that this sharp decline may just be beginning, potentially dropping 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 buy flows drying up “while sell flows are accelerating.”
📍“Our data from early June already hinted at an overbought market ripe for correction.”
📌 Bitcoin investor implications
The sudden 5.44% fall in the Bitcoin
BTC
tickers down
$54,417
price has substantially impacted investor sentiment and market liquidity, reflected in BTC’s $1.1 billion market capitalization and 57% increase in trading volume.
By breaking the “key level for Bitcoin miners and spot Bitcoin ETF buyers,” the 10x Research report foresaw that the price decline “could accelerate as support gets broken and sellers scramble to find liquidity.”
📺 Io token 🤔🤔🤔
Where can you buy io.net?
IO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade io.net is Binance, where the most active trading pair IO/USDT has a trading volume of $55,567,891 in the last 24 hours. Other popular options include Bitget and MEXC.
What is the all-time high for io.net (IO)?
The highest price paid for io.net (IO) is $6.43, which was recorded on Jun 12, 2024 (22 days). Comparatively, the current price is 66.71% lower than the all-time high price.
What is the all-time low for io.net (IO)?
The lowest price paid for io.net (IO) is $1.99, which was recorded on Jul 05, 2024 (about 4 hours). Comparatively, the current price is 7.50% higher than the all-time low price.
#BinanceTournament #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown $BTC $PEPE
