Analysis: Bitcoin expected to fall further to $73K

10X Research has analyzed that the price of Bitcoin could fall to $73,000. On that basis, it believes that “buying the dip” is premature. Markus Thielen, founder of the firm, emphasized that the pain is not over yet. CoinDesk reported that Thielen believes that we are observing a market collapse similar to the DeFi and NFT bubbles of 2021. Ethereum (ETH), which was hit at that time, has not yet recovered. This structural decline means weakening fundamentals, and now is the time to be cautious rather than complacent, he suggests, adding that a new narrative will be needed for the next bull market.