Markus Thielen, co-founder of 10x Research, said bitcoin could fall to $50,000 in the next few weeks as macroeconomic uncertainty hangs over the cryptocurrency market, saying: "I wouldn't give any credit to the halving because I don't think the halving is the main driver, but the bigger macro factor."
"The main reason behind the fact that we no longer have the typical drivers to really move the price from the $40,000 to the $70,000 zone is the spot Bitcoin ETF, which has seen little new inflows over the past few weeks as investors have moved past the initial euphoria of the January launch," Thielen analysis said.
10X Research: Bitcoin could fall to $50,000 in the coming weeks
2024-04-18 21:33:45
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