According to BroadChain Financial News, on June 24th, Markus Thielen, the founder of 10x Research, stated that from a technical perspective, Bitcoin appears to be following a double top structure, with support levels currently being tested.
This chart pattern is considered to be a fundamental situation, unless it becomes invalid. It is highly likely that this pattern could drop to $50,000 or even $45,000.
Markus Thielen further added that later in 2024, the US presidential election and CPI should see an increase, but there is still the possibility of experiencing more severe pullbacks.
