Bitcoin on Path to $73K as Crypto Sell-Off Continues, Warns 10X Research

With the crypto market in freefall, investors are left wondering: Has the worst passed, or is there more pain ahead?

Markus Thielen of 10X Research, who accurately predicted the recent downturn, believes the decline isn’t over yet—and he’s not ready to call a bottom.

Drawing parallels to the post-2021 crash that crippled Ethereum (ETH) following the DeFi and NFT bust, Thielen argues that the current memecoin collapse is having a similar impact on Solana (SOL) and other linked assets.

“This market weakness signals deeper structural issues,” Thielen wrote in his latest report. “Now is a time for caution, not blind optimism. Bitcoin (BTC) remains on course for $73,000… and any future rally will depend on a fresh market narrative.”