Odaily星球日报讯 FXPro 高级市场分析师 Alex Kuptsikevich 表示，“比特币的下行趋势可能会延续至 42,000 美元。在最低点，比特币跌破了 50 周移动平均线。如果目前没有强劲的买盘支撑，价格会进一步下跌，这将引发更为活跃的抛售，就像在 2021 年底和 2022 年初那样。如果不能守住这一位置，那么可能需要为价格跌向 42,000 美元的失败做准备。”（Cointelegraph）

FXPro分析师：比特币下行趋势可能会延续至42,000美元

Odaily Odaily News FXPro senior market analyst Alex Kuptsikevich said, &quot;Bitcoin&#39;s downward trend may continue to $42,000. At the lowest point, Bitcoin fell below the 50-week moving average. If there is no strong buying support at present, the price will fall further, which will trigger a more active sell-off, just like in late 2021 and early 2022. If this position cannot be maintained, then it may be necessary to prepare for the failure of the price to fall to $42,000. &quot;(Cointelegraph)

FXPro analyst: The downward trend of Bitcoin may continue to $42,000.

Author: Markus Thielen
Compiled by: Odaily Planet Daily Furuya
Although the bullish sentiment in the Bitcoin and cryptocurrency sector is prevalent, it is sometimes crucial to protect wealth or take advantage of significant price declines.

On October 3, 2023, we published an article predicting a significant rebound in Bitcoin, depending on the Federal Reserve maintaining its current stance, and advised "selling when the Federal Reserve first cuts interest rates." This view has been widely followed, as the expected rate cuts appear to be driven by economic weakness rather than a decline in inflation.

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10x Research: Epic-scale collapse in progress, Bitcoin may plummet to $42,000.

"We are very bearish on altcoins, especially Ethereum, which may fall to $2,000," wrote Markus Thielen.
Compiled by Odaily Planet Report's Fu Ruohan
Although the bullish sentiment prevails in the Bitcoin and cryptocurrency sector, it is sometimes crucial to protect wealth or take advantage of significant price declines.
On October 3, 2023, we published an article predicting a significant rebound in Bitcoin, depending on the Federal Reserve maintaining its current stance, and advised "selling when the Federal Reserve first cuts interest rates." This view has been widely noted, and...

10x Research: The big one is coming, Bitcoin may fall to $42,000.

Odaily reports that in its latest report, 10x Research pointed out that although bullish sentiment is prevalent in the Bitcoin/cryptocurrency sector, at certain times, protecting wealth or profiting from significant price declines is crucial. On October 3, 2023, it predicted that Bitcoin will surge significantly, depending on whether the Federal Reserve maintains its current stance, and advised "to sell when the Federal Reserve first cuts interest rates." As the expected interest rate cuts now appear to be driven by economic weakness rather than a decline in inflation, this view is becoming increasingly prominent. In October 2022, although most were bearish, it took a bullish stance, reducing its 2024 Bitcoin price target to $63,160, which it ultimately reached on April 20, 2024, at $63,491. Similarly, the year-end 2023 target was $45,000, but the final target was $43,613, which was also questioned. Many were disappointed with the report released by 10x Research in early February, which set the 2024 Bitcoin target price at "only" $70,000. However, the report had already predicted a range of $60,000 to $70,000, and based on its stock-to-flow analysis, it forecasts that as time passes, the returns will diminish, with a cycle high of $62,000.