Bitcoin (CRYPTO: BTC) may potentially witness a drop to the $38,000 level, as per the prediction by 10x Research. The cryptocurrency is currently experiencing a pullback after the official launch of spot ETFs in the United States. What Happened: Bitcoin’s value has plummeted by over 5%, bringing it down to $42,600, since the introduction of spot ETFs in the U.S. This “sell the fact” price action could potentially continue into the upcoming period, based on 10x Research’s scrutiny of Bitcoin’s price trends and technical indicators. reported CoinDesk. 10x Research, under the leadership of Markus…

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