[10X Research Head of Research: Bitcoin's Lowest This Summer May Fall in the $40,000 to $50,000 Range] According to a report by Golden Finance, crypto research firm 10X Research has indicated that Bitcoin may experience a brief counter-trend rebound or consolidation in the near term, but it could still hit new lows this summer. Markus Thielen, the firm's Head of Research, estimates that Bitcoin's subsequent lowest point could dip to $50,000, or even fall within the $40,000 to $50,000 range. This week's selling pressure in the crypto market mainly stems from the sell-off of Bitcoin spot ETFs, forced liquidation waves triggered by sharp price drops, and the spillover effects from the sell-off in software stocks, further exacerbating market volatility. However, some investors have stepped in to buy, driving a rapid price rebound in the short term. Nonetheless, most market participants remain cautious about whether the bottom has been reached.