10x Research: Bitcoin may fall below $60,000 before rebounding

Odaily News 10x Research founder Markus Thielen released the latest report explaining why it turned bearish more than 10 days ago. Its report pointed out that although this price correction was predictable, it takes courage to change the direction of predictions. Technically, it still believes Bitcoin will trade below $60,000 before embarking on a more meaningful rebound attempt. Based on previous new high signals, it believes that BTC is expected to rebound to $83,000 and $102,000, but is currently more focused on managing downside risks.