On June 28th, 10x Research released the latest report saying that Bitcoin may further pull back to $55,000. Analyst Markus Thielen said that the Bitcoin weekly and monthly reversal indicators indicate a broader pullback. Although the Bitcoin price remains above $60,000, the weekly RSI has reached its peak in early March and has shown a decline. The monthly indicator is similar to previous peaks, such as January 2018 and May 2021.