Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Crypto research firm identifies why Bitcoin price could fall to $45,000
Bitcoin

Crypto research firm identifies why Bitcoin price could fall to $45,000

2024-09-09No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

10x Research, a digital asset research platform for traders and institutions, has revealed an ominous forecast for the price of Bitcoin (BTC). Highlighting current market conditions and Bitcoin’s recent price dynamics, the research firm projects a huge price crash soon to $45,000.

Bitcoin $45,000 Price Crash Coming

10x Research has one report which outlines several market factors, which, when combined, paint a picture of a potential price drop to new lows for Bitcoin. While the broader crypto market is undergoing a period of correction and volatility, 10x Research believes Bitcoin could fall as low as $45,000 this cycle.

Related reading

The reason for this prediction has been attributed to recent changes in Bitcoin’s active addresses. Markus Thielen, head of research at 10x Research, has explained reasons for this pessimistic BTC forecast. Thielen said that after Bitcoin addresses peaked in November 2023, they witnessed a sharp decline later in the first quarter (Q1) of 2024.

According to Messari’s reportsOn November 20, 2023, Bitcoin’s active address account rose above 983,000, reaching as high as 1.2 million at one point. The network remained stable within this range until April. However, from September 2, 2024 active addresses have plummeted drastically to 596,940.

This decline in the number of Bitcoin addresses indicated a reduction in network activity and a possible decline in interest rates and demand among investors. Furthermore, Thielen revealed that short-term holders had started selling their BTC in April, while long-term holders took in their gains, indicating that the market had reached its cycle top.

See also  Bitcoin traders should be ready to sweep the market unless BTC…

Furthermore, Bitcoin’s price fell from its all-time high above $73,000 in March to the current level of $55,246, according to CoinMarketCap. This price drop is consistent with the decline in active addresses and broader market volatility.

10x Research also reported that outflows in Spot Bitcoin Exchange Traded Funds (ETFs) contributed The downward pressure of BTC and led to their pessimistic price projection. In the last eight days Spot Bitcoin ETFs included as much as $1.2 billion in outflows from the 11 publicly traded US Bitcoin ETFs. This massive liquidation is currently the longest outflow since the launch of Bitcoin ETFs on January 10, 2024.

Moreover, the current state of the US economy also paints a possible situation bearish picture for Bitcoin. The weak U.S. economy and ongoing futures liquidations are among many factors that could be possible, according to 10x Research pushing down the price of Bitcoin up to $45,000.

BTC represents the toughest month in September

In an X (formerly Twitter) afterDan Tapiero, the founder and Chief Executive Officer (CEO) of 10T Holdings, addressed the current challenges in the crypto market. Tapiero noticed that September has historically been difficult for Bitcoin, often characterized by poor performance or increased selling pressure.

Related reading

Bitcoin$45,000
Source:

He revealed that Bitcoin and Ethereum (ETH) have been stuck in a “painful consolidation period” since March. Despite Bitcoin’s underperformance in SeptemberTapiero remains convinced that the market is gearing up for a major bullish trend and advises investors to HODL their assets.

Bitcoin price chart from Tradingview.com
BTC Bulls Try to Hold $55,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

See also  IMF confirms that El Salvador meets the plan to leave Bitcoin despite BTC accumulation

Source link

Bitcoin Crypto Fall Firm Identifies Price research
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Is DN-404 the next ERC-404?

2024-02-12

XRP Price Sees a Bearish Shift: Key Levels to Watch

2025-01-27

Will Cardano’s popularity be enough to fuel ADA’s bull run?

2023-10-29
Editors Picks

‘Bitcoin Landfill’ Man loses attraction, eyes ‘last legal option’ to restore $ 672 million

2025-03-18

Google Cloud confirms participation in EigenLayer testnet

2023-11-28

Gemini’s Winklevoss demands triple legal costs of sec after having research fall

2025-02-27

Really artistic! Coinbase uses foreign regulatory guidelines to throw shade at the SEC

2023-10-04
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

All the reasons why the price of Bitcoin could be set for an explosive rally

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,889.02-0.70%
  • ethereumEthereum(ETH)$2,389.90-4.79%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$639.55-0.96%
  • solanaSolana(SOL)$162.55-4.30%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.219027-1.23%
  • cardanoCardano(ADA)$0.72-4.31%
  • tronTRON(TRX)$0.263017-3.35%
  • suiSui(SUI)$3.72-3.10%
  • chainlinkChainlink(LINK)$15.13-3.38%
  • avalanche-2Avalanche(AVAX)$21.77-4.77%
  • stellarStellar(XLM)$0.282187-2.87%
  • hyperliquidHyperliquid(HYPE)$25.76-4.72%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.31%
  • hedera-hashgraphHedera(HBAR)$0.189784-1.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-0.92%
  • the-open-networkToncoin(TON)$3.06-1.84%
  • bitcoin-cashBitcoin Cash(BCH)$382.80-4.36%
  • litecoinLitecoin(LTC)$95.67-2.53%
  • polkadotPolkadot(DOT)$4.52-4.39%
  • moneroMonero(XMR)$344.040.71%
  • bitget-tokenBitget Token(BGB)$5.100.29%
  • pepePepe(PEPE)$0.0000130.05%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.74-2.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.77-3.05%
  • bittensorBittensor(TAO)$399.88-6.92%
  • nearNEAR Protocol(NEAR)$2.72-1.89%
  • aaveAave(AAVE)$217.12-4.41%
  • okbOKB(OKB)$52.23-1.47%
  • aptosAptos(APT)$4.95-4.71%
  • ondo-financeOndo(ONDO)$0.91-2.95%
  • kaspaKaspa(KAS)$0.105941-4.51%
  • internet-computerInternet Computer(ICP)$5.08-3.48%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.74%
  • gatechain-tokenGateToken(GT)$21.42-0.97%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.23%
  • crypto-com-chainCronos(CRO)$0.095207-4.08%
  • mantleMantle(MNT)$0.73-0.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230939-2.42%
  • vechainVeChain(VET)$0.027483-3.21%
  • render-tokenRender(RENDER)$4.41-4.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.358731-5.93%
  • cosmosCosmos(ATOM)$4.76-0.71%
  • filecoinFilecoin(FIL)$2.78-2.69%
  • algorandAlgorand(ALGO)$0.215373-2.63%
  • bitcoinBitcoin(BTC)$102,889.02-0.70%
  • ethereumEthereum(ETH)$2,389.90-4.79%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$639.55-0.96%
  • solanaSolana(SOL)$162.55-4.30%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.219027-1.23%
  • cardanoCardano(ADA)$0.72-4.31%
  • tronTRON(TRX)$0.263017-3.35%
  • suiSui(SUI)$3.72-3.10%
  • chainlinkChainlink(LINK)$15.13-3.38%
  • avalanche-2Avalanche(AVAX)$21.77-4.77%
  • stellarStellar(XLM)$0.282187-2.87%
  • hyperliquidHyperliquid(HYPE)$25.76-4.72%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.31%
  • hedera-hashgraphHedera(HBAR)$0.189784-1.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-0.92%
  • the-open-networkToncoin(TON)$3.06-1.84%
  • bitcoin-cashBitcoin Cash(BCH)$382.80-4.36%
  • litecoinLitecoin(LTC)$95.67-2.53%
  • polkadotPolkadot(DOT)$4.52-4.39%
  • moneroMonero(XMR)$344.040.71%
  • bitget-tokenBitget Token(BGB)$5.100.29%
  • pepePepe(PEPE)$0.0000130.05%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.74-2.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.77-3.05%
  • bittensorBittensor(TAO)$399.88-6.92%
  • nearNEAR Protocol(NEAR)$2.72-1.89%
  • aaveAave(AAVE)$217.12-4.41%
  • okbOKB(OKB)$52.23-1.47%
  • aptosAptos(APT)$4.95-4.71%
  • ondo-financeOndo(ONDO)$0.91-2.95%
  • kaspaKaspa(KAS)$0.105941-4.51%
  • internet-computerInternet Computer(ICP)$5.08-3.48%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.74%
  • gatechain-tokenGateToken(GT)$21.42-0.97%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.23%
  • crypto-com-chainCronos(CRO)$0.095207-4.08%
  • mantleMantle(MNT)$0.73-0.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230939-2.42%
  • vechainVeChain(VET)$0.027483-3.21%
  • render-tokenRender(RENDER)$4.41-4.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.358731-5.93%
  • cosmosCosmos(ATOM)$4.76-0.71%
  • filecoinFilecoin(FIL)$2.78-2.69%
  • algorandAlgorand(ALGO)$0.215373-2.63%