Bitcoin (BTC) price has declined by more than 3% over the last seven days, with the bulk of gains accrued from the Aug. 5 low at $49,500 being erased. Bitcoin’s price is down 20% over the last 90 days, and its daily trading volume has dropped by 32% over the same period. However, several indicators hint at a deeper correction, making a swift recovery from the current price level unlikely. Analysts say Bitcoin could drop to $50,000Bitcoin’s downtrend has led analysts at 10x Research to predict prices in the low $50,000 range. Markus Thielen, an analyst at 10x Research, shared the following char…