Bitcoin Dip ‘100% Predictable,’ Could Trade Below $60K Before ‘Meaningful Rally Attempt,’ 10x Research Says
Bitcoin (CRYPTO: BTC) has seen a 13% drop over the past week, and a recent report from 10x Research offers insights into their bearish stance on the cryptocurrency from 10 days prior. What Happened: The research report describes Bitcoin’s current correction as “100% predictable,” attributing it to several risk factors. In its previous report, 10x Research highlighted a minimum 23.6% retracement from Bitcoin’s high of $73,750, with the first target set at $64,659. If this level fails to hold, $59,035 could become a critical support level. Research indicates that it may be premature to buy the d…