Markus Thielen, founder of 10x Research, said that from a technical point of view, Bitcoin appears to be following a double-top pattern, and the support level is being tested. Unless this pattern fails, this pattern should be our base case. This pattern could easily fall to $50,000, or even $45,000,
It is reported that this is a bearish technical analysis pattern composed of two peaks and a trough in the middle, which usually appears after a clear uptrend. The second peak represents the depletion of the uptrend, and the final break of the low between the two peaks confirms a bearish trend shift.
10X Research founder: Bitcoin double top indicates that BTC may fall to $50,000
2024-06-24 06:38:16
10X research founding markus thielen representation from a technical perspectivedesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
10x Research创始人：比特币双顶预示BTC可能跌至5万美元Next article：
QCP Capital：由于减半后盈亏平衡价格上涨，矿工面临巨大的抛售压力
