10X Research: Bitcoin may be reversing its downward trend, but the risk of dropping to $50,000 within the year still remains

MarsBitNews · 2026-02-07T12:46:43+00:00

This week, the cryptocurrency market was affected by a wave of forced liquidations triggered by the sell-off of Bitcoin spot ETFs and a sharp decline in prices. Market volatility increased, and some investors entered the market to absorb the sell-off, causing prices to temporarily rebound. However, most market participants remain cautious about whether the bottom has been reached. It is expected that Bitcoin may rebound in the short term, but there is still a possibility of creating new lows in the summer, potentially dropping to the $40,000 to $50,000 range.

MarsBitNews

2026-02-07 12:46:43

Abstract generation in progress

Mars Finance reports that according to CNBC, the selling pressure in the crypto market this week mainly comes from the sell-off of Bitcoin spot ETFs, a sharp decline in prices triggering a wave of forced liquidations, and the spillover effect from the sell-off of software stocks, further intensifying market volatility. However, some investors have stepped in to buy the dip, causing prices to rebound quickly in a short period. Currently, most market participants remain cautious about whether the bottom has been reached. Crypto research firm 10X Research points out that Bitcoin may experience a brief countertrend rebound or consolidation next, but it could still hit new lows this summer. Markus Thielen, the research director of the firm, estimates that Bitcoin could potentially drop to as low as $50,000, or even fall within the $40,000 to $50,000 range.

BTC-1,96%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.