Home web3.0 Bitcoin (BTC) to $100,000 by January 2025, Forecast by 10x Research

Bitcoin (BTC) to $100,000 by January 2025, Forecast by 10x Research

Oct 31, 2024 am 04:14 AM
bitcoin $100K Bullish Signals 10x Research January

Crypto research firm 10x Research has forecast Bitcoin (BTC) may reach $100,000 by January 2025, supported by institutional investment, growing BTC dominance

Bitcoin (BTC) to 0,000 by January 2025, Forecast by 10x Research

Crypto research firm 10x Research has predicted that Bitcoin (BTC) could hit $100,000 by January 2025, thanks to institutional investment, BTC market dominance, and their model’s signals. With an 86.7% accuracy rate over 15 signals, 10x Research’s forecasts carry significant weight in the crypto community.

The firm's latest buy signal, triggered on October 14, aligns with historical trends. Similar signals have yielded a median 40% return over three months. Applying this trajectory to BTC's current price of $73,000 would put BTC at $101,000 by January 27, 2025.

10x Research attributes this surge to Bitcoin's growing market dominance, a phenomenon they term the “Bitcoin black hole effect.” As BTC's presence in the market expands, it draws capital away from altcoins.

This trend is expected to continue as more investors shift towards Bitcoin, boosting BTC prices and leaving altcoins to struggle for attention. The increasing dominance signals confidence in Bitcoin as a long-term asset, like “digital gold.”

Institutions Drive BTC's Bullish MomentumInstitutions are playing a crucial role in Bitcoin's anticipated price increase. 10x Research highlights how firms like BlackRock view BTC as a stable, “digital gold” asset.

In October alone, $4.1 billion was invested in BTC spot ETFs, indicating strong demand from both institutions and retail investors seeking long-term value in BTC. As spot ETFs gain popularity, 10x Research anticipates further growth in BTC investments, fueling an extended bull run.

10x Research Sounds Caution for ETH in BTC's AscentWhile bullish on Bitcoin, 10x Research sounds a caution for Ethereum's long-term potential. Their analysis reveals stagnation in Ether yields over the last two years, hampering its appeal for long-term investment.

While Ethereum may experience short-term rallies, the report suggests it could falter in keeping up with BTC unless substantial innovations come to light.

10x Research's forecast aligns with the broader narrative where market dynamics, institutional demand, and Bitcoin's dominance are driving its value upwards. With continued institutional support and a favorable on-chain structure, BTC appears well-positioned to reach six figures, possibly hitting $100,000 as early as January 2025.

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