Bitcoin Analyst Predicts BTC Price to Drop to $50K Before Parabolic Rise Begins

Some Bitcoin analysts now believe that BTC prices will fall below $50,000.
Bitcoin Analyst Predicts BTC Price to Drop to $50,000 Before Parabolic Rise Begins Market Analysis
The frequency with which Bitcoin has been unable to break through higher resistance levels has led to the formation of a “double top price pattern,” which, according to one crypto analyst, could result in a “dramatic drop” to $50,000.
Markus Thielen, founder of 10x Research, explained in an analyst note on June 24 that technically, Bitcoin (BTC) price at $60,048 appears to be following a double top formation that is currently testing its support level.
A double top pattern forms when price reaches two similar peaks and retreats slightly in between, remaining above a common line called the "neckline." This pattern usually resolves when price breaks below the neckline, possibly by an amount equal to the distance between the peak and the neckline.
“Bitcoin could shift from its current trading range ($60,000-70,000) into a top formation, potentially leading to a sharper decline.”
#BTC #ETH #etc #doge #lunc #ethw #gomd #xrp #babydoge
#MASA #DYP #AMC #hip #red #redtoken #rem #move #oin #samo #cos #asmatch #flurry #CORE #BTC
#NADA #ONDO #SHIB #DOGE #WіF #іQ50 #AVAX #іCP #FіL #FLOKі #KAS #watt #gse #Fora #xeta #eul #meld #fort #ata #hpb #defiland #PIGCOIN #SMILE #SLERF #SOL #BOME #NADA #IQT #ONDO #SHIB #tron #TRX #BABYELON
#vt #telephone# #jenna#
#hippop #myt #elix #wxm #wlth #hdro #beer #intx #skai #aptr #pew
#ONDO #ADF #SLERF #SOL #BOME #ZODI #ONDO #SH?B #DOGE #W?F #?Q50 #AVAX #?CP #F?L #SOL #KAS #PEPE #NUUM #SUі #ATS #BABYDOGE #Kşhu #MASA #DYP #AMC #hip #red #redtoken #rem #move #oin #samo #cos # asmatch #flurry #CORE #BTC #UNO #SLERF #SOL #BOME #NADA #ONDO #SHіB #DOGE #WіF #іQ50 #AVAX #vt #phone #jenner #param #cu #mudai #masa #qubic #vda
#NADA #ONDO #SHIB #DOGE #WіF #іQ50 #AVAX #іCP #FіL #FLOKі #KAS #watt #gse #Fora #xeta #eul #meld #fort #ata #hpb #defiland #frog #satoshi #ttk #logt #vts #rdex #clips #PEPE #vt
#PIGCOIN #SMILE #SLERF #SOL #BOME #NADA #IQT #ONDO #SHIB #HC #W?F #?Q50 #AVAX #DAO #?CP #F ?L# #FLOK? #tron #TRX #BEBEK
#BTC #Eth #SOL #pepe #ooki #doge #BTT #Kas #cfx #BTSC #Nada #AIMX #Rats #Sats #AiDoge #Aısc #VCI #Smıle #Grok #BabyGrok #BabyBonk USD #floki #POOH #HMTT #Never #BabyElon #ONDO #Myro #ZKF #AISWAP #Shib #TROLL #jasmy #SNAP #GROKCEO #ISKY #WAG #ALY #yesp #PRMX #PONKE #UNFI $#PLANET #RUNECOIN #AGG #ORNJ #SPEC #CANTO #PACE # AVALOX #PHM #NUTS #MOJO $
#ONDO #ADF #SLERF #SOL #BOME #ZODI #ONDO #SH?B #DOGE #W?F #?Q50 #AVAX #?CP #F?L #SOL # #KAS #PEPE #NUUM #SUі #ATS #BABYDOGE #KіSHU #AіDOGE #RNDR #DC #ORDі #ARB #rtf #crh #exvg #bonus # vee# #wanko #ez# #trio #clh #sync #gm #maneki
#ats #popcat #mew #hbar #akt #floki #velo #mavia #wıf #kas #bonk #karrat #nvg #fat #snk #hdv #caf #ateş
#BTC #ETH #SLERF #SOL #BOME #NADA #ONDO #SHİB #DOGE #WİF #İQ50 #AVAX #İCP #FİL #FLOKİ #KAS #PEPE #XRP #SUİ #BABYDOGE #KİSHU #AİDOGE #RNDR #BNB #ORDİ #ARB #FTM #SNAP #NEAR #ZBU #BONK #ADA #RATS # STX #LTC #GALA #DOT #ETC #OP #TON #MATİC #FLY #ALT #JASMY #GROK #FET #FLUX #PIXEL #LUNA #ARKM #BCH #CSPR #TRX #ZETA #HBAR #ATOM #VANRY #PEOPLE #BSV #BLUR #MEME #FLT #CAKE #FTT #KDA #MANTA #RACA #NEVER #TROLL #CHZ #XLM #SSV #FLY #ASTR #AİTECH #WEN #FLUX #TAO #CRV #AEVO #ALGO #METALDR #UNİ # ZETA #JTO #XRD #ID #NIBI #AGI #RBN #1CAT #SNX #PORT3 #ENS #GT #VRA #YOURAI #COQ #BRT #MANTA #BENDOG #SAND #BEAMX #LIME #TOMİ #XCAD #POLYX #ORDS #FRONT #DYDX #SGR #NEVER #YGG #DNX #MASK #AR #FCON #PHA #HFT #MUBİ # MOG #HOOK #THL #OORT #BCUT #HNT #BIGTIME #PAAL #LPT #HGPT #MAGIC #SERSH #VC # SOLS #VELO #TURBO #MPC #ORN #GPT #AI #NFE #FAR #DIONE #GNGL #CHELL #NAKA #AMPL #USTC #CAGA #MOBİLE #BONE #NIZA #LRC #LUNC #THETA #GMT #CHO #ROSE #JOE #NEON #IOTX #XEN #MEMETOON #PEPE2 #KEY #PENG #ROA #XCH #VET #AKT #AWT #DREP #ZKF #GFT #PRIME #CLORE #CETUS #POOH #CGPT #SKL #DAO #CYBER #ALEX # CTC #PNT #DODO #ZRX #DATA #PORTAL #FIDA #MINA #ZBC #ATLAS #OSHİ #DYM #ELON #F3 #GFI #PONKE #WORK #SUSHİ #CEEK #MANA #PACE #ACA #HER #DOGGO #MPLX #WAWES #FTN #BTT #DUEL #ML #SPACE #SLP #CLV #OOKİ # #BMD# #EGLD# #NOS# #MONG# #TURT# #MİLO# #ANKR# #PANDORA# #SYN# #SCA# #POLİS# #KSM# #RBT# #BAKE# #TOX# #WSB# # ORCA# #PEPE
#zerc# #nyan# #sqd# #insanlar#
#ena #gala# #GateioInto11# #airtnt# #Avalox# #polydoge# #maga# #brett #samo #mon# #mdus#
#param #mudai #cu
#tai #cta# #knft #fdt# #people
#cel# #vt #phone #jenner
#zelix# #near #mog# #ethfi# #item#
#drift# #dog #gme# #spec# #safety#
#bb# #not# #quboc# #bccoin# #rez#
#msn# #don# #sqd# #blaze# #apu
#hnt #mew #gme# #mmtoon#
#wuf# #pundu# #andyeth# #dogemob#
#sats #mouse# #barley# #mubi #agix#
#fet #lime# #ocean #her# #afi#
#hgpt# #orai# #pendle #token
#atr# #polyx #fil #ar #akt #theta#
#ocean #aioz# #lpt# #hnt #flux#
#polydoge# #yourself# #brett #samo
#tai #cta# #knft #fdt# #people
#cel# #benim# #mdus##dust #stsol #audio #gari #polis #doggo #roa #apu #memetoon #kishu #akita #pogai #mong #hmtt #feg #wsb #flokiceo #hoge #clips #lto #solo #dusk #hifi #opul #stbu #ctc #xrwa #dimo #grt #aleph #ocean #zf #bel #mav #izi #kat #btett #aoro #juice #steth #ankr #storj #jst #om #sushi #tru #asd #leo #mbox #axs #starl #raca #omg #rdn #voya #lever #fet #games #lobo #people #free #tao #stx #wld #omni #alu #ladys #myro #core #lai #ygg #tai #ap #20ex #ornj #1on8 #tx20 #o4dx #aiin #bnsx #bankbrc #biso #biop #mmss #gt #arks #pendle #mobile #rndr #knft #okb #uni #ena #tia #near #cfx #sui #et hfi #zbu #catcoin #brett #popcat #hnt #ar #algo #sei #blur #lqty #zeus #chz #ape #doge #1cat #frog #bto #zsc #rbt #dks #hmt #dka #aisc #marsh #data #rlc #lat #pqr #moov #lai #mbs #ordi #sats #rats #btcs #sols #pizabrc #pepebrc #mubi #ligo #noot #csas #mmss #merl #wif #bome #trac #trio #turt #老鼠 #grok #bonk #sol #babydoge #floki #eth #btc #bnb #uni #op #arb #ssv #gal #ondo #polyx #pepe #atomarc #dog #satoshi #shibai #memerune #wanko #shib #İQ50 #AVAX #icp #fil #KAS #XRP #etc #doge #lunc #ethw #magic #dnx #mana #DYP #AMC #hip #red #token #voya #KAS #PIGCOIN #bigtime #SLERF #troll