K33 Research: Crypto market may face $4-7 billion in Bitcoin selling pressure in the middle of the year

Odaily News K33 Research said the market will have to withstand $4 billion to $7 billion of Bitcoin selling pressure in the middle of this year, which will put pressure on prices. Markus Thielen, founder of 10x Research, said that BTC has the potential to reach $60,000, but this rise will be short-lived. From a technical analysis perspective, the $55,000-56,000 range is forming a base, but there will be no tactical bullish counter-trend rebound in the short term. (Coindesk)