Markus Thielen, founder of 10x Research, said that from a technical point of view, Bitcoin appears to be following a double-top pattern, and the support level is being tested. Unless this pattern fails, this pattern should be our base case. This pattern could easily fall to $50,000, or even $45,000, It is reported that this is a bearish technical analysis pattern composed of two peaks and a trough in the middle, which usually appears after a clear uptrend. The second peak represents the depletion of the uptrend, and the final break of the low between the two peaks confirms a bearish trend shift.