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According to Markus Thielen, a researcher at 10X Research, the world's largest cryptocurrency Bitcoin entered a downward trend on June 20. Thielen pointed out that the price of Bitcoin may fall to $55,000 in the short term, and he listed ten reasons why this trend may occur. He also noted that many trend-tracking funds have observed the same signal and may be inclined to take a short position.
Interestingly, the recent presidential debates seem to have shown considerable support for cryptocurrency and Bitcoin, which is exactly what Donald Trump hopes for. However, Thielen believes that Biden's poor performance may increase the chances of a new Democratic candidate facing greater challenges in the upcoming November election.#ContentStar #HotTopicDiscussion