According to some analysts, BTC is potentially heading for a significant correction down to $50,000. Markus Thielen, the creator of 10x Research, noted in his recent analysis that Bitcoin is currently testing its support level as a result of a double top formation. This formation typically indicates a pattern where a breach at the support level, known as the neckline, is anticipated following two peaks of similar height. For the most up-to-date financial and business news, visit COINTURK FINANCE.