10x Research: Bitcoin may fall further to $55,000

BlockBeats news, on June 28, 10x Research released the latest report saying that Bitcoin may further pull back to $55,000.

Analyst Markus Thielen said that Bitcoin's weekly and monthly reversal indicators foreshadow a wider pullback. Although the price of Bitcoin remains above $60,000, the weekly RSI peaked in early March and has declined. The monthly indicator is similar to previous peaks, such as January 2018 and May 2021.