Bitcoin Price Plunge to $50,000 Looms as Market Faces Bearish Pressure and Historical Weaknesses
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Bitcoin prices experienced a significant drop, falling below $60,000 and reaching a low of approximately $57,000 during trading on July 4. This decline might continue, potentially driving the price down further, possibly even below $50,000, as noted by Markus Thielen, founder and CEO of 10x Research. Thielen emphasized that breaking the $60,000 support level could lead to more bearish pressure on the market.
Source: en.coinotag.com ↗
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