Analysts at 10x Research say Bitcoin could fall further to $50,000. Breaking through the psychological benchmark of $60,000 and heading down towards $50,000 marks a significant shift in market sentiment, which 10x Research attributes to buying flows drying up “while selling flows are accelerating.”

Analyst Markus Thielen said the downward spiral was predictable, stating: “Our data from early June already suggested that the overbought market was ripe for a correction.” (Cointelegraph) #BinanceRiskSniper