Bitcoin prices plunged below the $60,000 support, sinking to a nine-week low of around $57,000 on July 4. Markus Thielen, founder and CEO of 10x Research, predicts the decline could accelerate to or even below $50,000. 😱

Thielen emphasized that the $60,000 level is a key point for Bitcoin Spot ETF miners and buyers, which generally marks the bottom of a three-month trading range. "Only uninformed traders would want to buy here. Breaking this support could lead to a sharp decline into the low $50,000s," he said.

Other market analyzes also show bearish predictions. Alex Kuptsikevich, senior market analyst at FxPro, agreed with the bearish predictions, predicting further declines: "From the current position, a 12% drop to $51.5k is more likely than the same growth to $65.8k."

What do you think about this prediction? Are you ready if Bitcoin falls to $50,000 or even lower? Come on, discuss it in the comments column!#Bitcoin#CryptoNews