Crypto Market Faces More Uncertainty as Bitcoin Eyes $73K, Says 10X Research
With crypto prices plunging, investors are left wondering: Is it safe? For those still holding cash, this remains the key question amid ongoing market turbulence.
Markus Thielen of 10X Research, who correctly predicted the latest downturn, warns that now is not the time to buy the dip.
Drawing parallels to the speculative frenzy in DeFi and NFTs that crashed after the 2021 bull run—leaving Ethereum (ETH) struggling to recover—Thielen highlights a similar implosion in memecoins this cycle. The fallout has weighed heavily on Solana (SOL) and several related tokens.
“This structural decline signals a weakening market foundation, making caution the best strategy for now,” Thielen wrote in a report on Tuesday. “Bitcoin (BTC) is steadily heading toward $73,000… and if history is any guide, the next major rally will need a fresh narrative to drive it.”
