10x Research: Bitcoin could fall further to $50,000

Odaily News Analysts at 10x Research say Bitcoin could fall further to $50,000. Breaking through the psychological benchmark of $60,000 and heading down to $50,000 marks a major shift in market sentiment, which 10x Research attributes to the fact that buying flows are drying up, "while selling flows are accelerating." Analyst Markus Thielen said the downward spiral was predictable, saying: "Our data from early June already suggested that the overbought market was ripe for a correction." (Cointelegraph)