Bitcoin could fall to $55,000 before finding a bottom, 10x Research says (opens original article in a new tab)

Bitcoin could drop to $55,000 before finding a bottom, with 10x Research citing a strong U.S. dollar and Fed policies as factors. Potential bottom may occur between late August and October.

• Bitcoin could fall to $55,000 before finding a cycle low, according to 10x Research's Markus Thielen.
• A strengthening U.S. dollar and Federal Reserve's hawkish stance are seen as headwinds for Bitcoin.
• Three indicators suggest a potential market low between late August and October.