🔴 Analysts at 10x Research suggest that Bitcoin’s price could fall to $45,000. This prediction is based on data regarding active addresses and a series of broader market events.
🔴 Currently, Bitcoin’s price is below $55,000, despite reaching a new all-time high in March. Analysts believe this indicates the peak of the current cycle. Additionally, over $1 billion has been withdrawn from Bitcoin ETFs this week, and the Mayer Multiple is currently at 0.8. Bitcoin’s price is also trading below the 200-day EMA, further signaling potential downside.