BroadChain has learned that on June 24th, according to CoinDesk, Markus Thielen, the founder of 10x Research, stated that from a technical perspective, Bitcoin seems to be following a double-top pattern, while the support level is currently being tested.
This chart pattern should be considered a base case (unless it becomes invalidated). This pattern could easily result in a decline to $50,000 or even $45,000.
Markus Thielen further added that later in 2024, the US presidential election and CPI should see an increase, but there is still a possibility of experiencing more severe pullbacks.