Bitcoin Price Forecast: BTC Poised to Drop to $50,000 Says 10x Research

Bitcoin’s recent dip to $60,000 raises concerns about further declines, with research firm 10x Research predicting possible lower levels soon. Contributing factors to this bearish outlook include lackluster market inflows, significant trader liquidations, and pressures from Bitcoin miners. Analysts highlight key price levels and historical patterns that could either support or challenge these bearish predictions.

Source: CoinOtag