10x Research: Bitcoin is expected to fall back to a trading range of 50,000 to 60,000 US dollars

10x Research released a report predicting that Bitcoin is expected to fall back to the trading range of 50,000 to 60,000 US dollars. The rebound after the crash on August 5th will stall near the resistance area between 60,000 and 61,000 US dollars. This slowdown may allow oversold technical indicators to reset, thereby increasing the possibility that Bitcoin may retest the low point near $50,000 on August 5th - a move that would catch many off guard. There are still profit opportunities in the cryptocurrency market but timing is not ideal.