According to Markus Thielen, the founder of 10x Research, the Bitcoin drop may be unfinished! Here is the critical level!

Bitcoin (BTC) Since the collapse of FTX, it has experienced the hardest three -day decline and lost 15 %in just 72 hours.

Bitcoin has experienced the largest three -day decline since the collapse of FTX, the analyst warned about the potential of falling to $ 72 thousand

According to Markus Thielen, the founder of 10x Research, BTC may potentially fall into a range of $ 72,000-74,000 in the worst scenario before staging a possible recovery.

In a report offered to its customers today, Thielen stressed $ 82,000 as a critical level based on the price of short -term owners (the average price they have acquired the tokens of the addresses that hold the BTC for less than 155 days).

The fact that BTC is currently testing this level shows that it is a potential demand zone that buyers can activate.

Market dynamics and central bank liquidity

Thielen also pointed out that there is a delayed correlation between the price of Bitcoin and the Liquidity indicators of the global central bank liquidity indicators.

Historically, Bitcoin rarely experiences losses below the price of the short -term owner during the bull markets.

However, in the bear markets, the BTC tends to stay below this level for a long time and indicates more downward risk if market sensitivity does not heal.

While traders are preparing to fluctuate more, analysts closely watch whether the BTC will find a strong support or whether it will extend its decline to $ 70 thousand-74 thousand dollars before trying to recover.

*It is not an investment advice.