10X Research analyst: BTC could fall to $50,000 in the coming weeks
2024-07-05 04:48:02
According to analysts at 10x Research, the price of BTC will continue to decline and could drop to $50,000 in the coming weeks, with the sell-off likely to accelerate as support levels are broken and sellers scramble to find liquidity. We expect catalysts such as a rate cut by the Federal Reserve in September, with the possibility of another rate cut in December to boost prices. On top of this, the SEC's full acceptance of the Ethereum ETF and its planned launch in July will provide a huge boost to the cryptocurrency market.
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