Bitcoin could fall to $55,000 before finding a bottom, 10x Research says

macro

10x Research warns Bitcoin could fall to $55,000 before finding a bottom. They cite a strengthening U.S. dollar and a hawkish Federal Reserve under new chair Kevin Warsh as forces likely to keep downward pressure on crypto through the summer. Implication: elevated near-term downside risk for BTC, raising the odds of short-term losses and creating a potential entry point if $55k is reached.

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