Bitcoin could fall to $55,000 before finding a bottom, 10x Research says

A strengthening U.S. dollar and the Fed's hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.

Melinda 2 days ago 3 minutes read

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Bitcoin could fall to $55,000 before finding a bottom, 10x Research says

A strengthening U.S. dollar and the Fed’s hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.

By Krisztian Sandor|Edited by Stephen Alpher

Jun 24, 2026, 1:42 p.m.

1 min read

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Calculator on phone in front of charts (Jakub Żerdzicki/Unsplash/Modified by CoinDesk)) — (Jakub Żerdzicki/Unsplash/Modified by CoinDesk))

Summary

10x Research’s Markus Thielen sees bitcoin falling to $55,000 before finding a cycle low.
Thielen says a strengthening U.S. dollar has historically been a headwind for BTC.
Several indicators point to a potential bottom for bitcoin’s price between late August and October.

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