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10x Research: It is expected that BTC will fall back to the trading range of $50,000 to $60,000.
Golden Finance reported that 10x Research released a report stating that BTC is expected to fall back to the trading range of $50,000 to $60,000. The rebound after the crash on August 5th will stall near the resistance zone between $60,000 and $61,000. This slowdown may reset the oversold technical indicator, increasing the possibility of BTC retesting the low near $50,000 on August 5th, catching many people off guard. There are still profit opportunities in the cryptocurrency market, but the timing is not ideal.