On March 20, 10x Research released its latest report (by Markus Thielen) stating that the monthly Bitcoin report released on March 8 pointed to a divergence between the rise in the price of Bitcoin and the downward signals of the three reversal indicators. "Bitcoin could pull back to 63,000, with 60,000 being the key support level, and if it breaks below, it could fall to $52,000 to $54,000," the report said. Although the forecast of a pullback to 63,000 has come true, it is too early to think that it is too early to regain bullishness (although it will certainly turn bullish at some point).