Bitcoin Drifts Toward $73K as Crypto Market Faces Further Declines, Says 10X Research
As crypto prices tumble, investors are left questioning whether stability is on the horizon or if the worst is yet to come.
Markus Thielen of 10X Research, who correctly anticipated the recent downturn, remains bearish, warning that the sell-off is far from over.
Drawing comparisons to the post-2021 DeFi and NFT collapse that left Ethereum (ETH) struggling to recover, Thielen notes that this cycle’s memecoin meltdown is dragging down not just Solana (SOL) but several interconnected tokens.
“The market’s foundation is weakening, signaling that caution should take precedence over complacency,” Thielen wrote in his latest report. “Bitcoin (BTC) is steadily moving toward $73,000… and for the next major rally to take shape, the market will need a fresh catalyst.”
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