🌋 10X Research Predicts a New Bitcoin Price Surge
posted 30 Oct 2024
The research company 10X Research, known for its reliable forecasts, predicts another wave of “gold rush” enthusiasm in the crypto market. According to their model, Bitcoin could soar to an impressive $100,000 by January 2025!
This optimistic outlook is based on comparing current market trends with historical data. The 10X Research model, reporting 86.66% accuracy from its last 15 signals, has identified two critical buy indicators.
Historically, when Bitcoin hits a new six-month high (as it did on October 29, 2024, reaching $72,765), average growth over the following three months tends to be around 40%. With the current price at about $72,400, this pattern could lead BTC to the $100,000 mark by late January 2025.
If Bitcoin achieves this rapid rise, it would echo the “gold rush” phases of 2017 and 2021, when investors poured into Bitcoin, driving the price to historic peaks ($19,483 and $59,207, respectively).
Additional factors potentially fueling BTC’s growth include:
- Institutional investment and corporate interest: Bitcoin is increasingly seen as a store of value and a hedge against risk.
- Momentum from spot Bitcoin ETFs: Spot Bitcoin ETFs are contributing notably to Bitcoin’s performance in the market.
- Geopolitical risks: As investors seek alternative ways to safeguard wealth, cryptocurrencies, independent of centralized servers and traditional banking hours, present a compelling alternative.
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