Analysts predict a record drop in bitcoin to $ 45,000

Analysts at 10x Research suggest that the price of bitcoin could fall to $ 45,000. In a recent report by the company, Біллі Маркус" href="https://noworries.news/biography/billi-markus/" data-bio-id="3704">Marcus Thielen, head of research and founder of 10x Research, listed several factors that support this forecast.

The value of BTC $98,408.76 Bitcoin -0.36% Market capitalization $1.95 trillion VOL. 24 hours $2.44 billion is currently below $ 55,000, despite reaching a new all-time high of $ 73,750 in March. According to 10x Research, this significant correction was expected due to changes among active BTC addresses and a number of events in the broader market.

«Bitcoin addresses peaked in November 2023 and declined sharply after the first quarter of 2024. When the amount of BTC held by short-term holders began to decline in April and long-term holders took advantage of high prices to exit, it indicated that the top of the cycle had been reached,» 10x Research explained.

In November 2023, the number of active addresses fluctuated around 1.2 million, and by March this figure was still above 1 million. Now there are only 612,000 active addresses. This decline in network activity may indicate a drop in interest or participation in recent months.

The weekly chart of BTC/USD shows that traders entered this month with prices similar to November 2021, just before the bear market began. Key support is in the $ 50,000 area, and bitcoin is likely to test this level again. If it fails, the price of BTC could drop to $ 48 338, with the possibility of further falling to $ 45,000.