10x Research: In the worst-case scenario, BTC will fall to the range of $72000 to $74000 before rebounding, with $82000 being a potential demand area

Markus Thielen, founder of 10x Research, stated in a client report on Wednesday that in the worst-case scenario, Bitcoin could fall to the $72000 to $74000 range and is expected to become a potential rebound point. He pointed out that there is a lagging correlation between Bitcoin prices and global central bank liquidity indicators, which may have an impact on market trends. Currently, the price of Bitcoin has rebounded from its previous low of $82000 to $86000. Thielen found that $82000 is a potential demand area by analyzing the on chain indicator "short-term holder realized price" (i.e. the average purchase price of wallets with less than 155 days of holding time). Historical data shows that in bull markets, Bitcoin rarely falls below this indicator for a long time, while in bear markets, it may continue to fall below this level. Thielen added that the consolidation pattern in the summer of 2024 showed that Bitcoin had once fallen below this indicator of $9620. If a similar pattern repeats, Bitcoin may stabilize around $82000 and enter a period of stability. The current indicator is at 92800 US dollars, and the market will closely monitor its support for prices.