Crypto research firm 10x Research says bitcoin could fall to the mid-$50,000s before this cycle’s bottom forms, with founder Markus Thielen identifying late August through October 2026 as the most likely window for a durable low.
Key Takeaways:
10x Research targets $55,000 as bitcoin’s cycle low, with the timing window set for late August to October 2026.Spot bitcoin exchange-traded fund (ETF) outflows running into the billions, not corporate selling, are the primary driver of current downside pressure per 10x Research.Polymarket traders are pricing a 64% probability bitcoin reaches $55,000 or lower before 2027, with Kalshi showing similar 65% odds by year-end.The firm says this is a stress-test floor representing genuine value, not a prediction of total collapse.
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