Bitcoin $45,000 Price Crash Incoming 10x Research has released a report outlining several market factors, which, when combined, paint a picture of a potential price decline to new lows for Bitcoin. While the broader crypto market undergoes a period of correction and volatility, 10x Research believes that Bitcoin could fall as low as $45,000 this cycle. Related Reading: Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above?
The weak US economy and the ongoing futures liquidations are among the many factors that 10x Research believes could push the price of Bitcoin down to $45,000. BTC Faces Toughest Month In September In an X (formerly Twitter) post, Dan Tapiero, the founder and Chief Executive Officer (CEO) of 10T Holdings, addressed the current challenges in the crypto market.
This price decline aligns with the decrease in active addresses and the broader market volatility. 10x Research also reported that outflows in Spot Bitcoin Exchange Traded Funds (ETFs) have contributed to BTC’s downward pressure and led to their pessimistic price projection.
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