Bitcoin’s Next Big Jump? 10x Research Says $100K Soon!


Looking through the forecasts on Bitcoin price, I came across the prediction from 10x Research suggesting that Bitcoin could reach the $100,000 mark by the beginning of the next year. This potential increase is attributed to the combination of various factors like the growth of the ETF segment and other significant market factors such as the increased BTC dominance over altcoins. 


The company uses its proprietary prediction model that demonstrated the 86,7% accuracy rate. The model relies on the historical data and current market trends. 


Bitcoin is storming toward a new sixth-month-high mark. It is breaking through resistance with renewed force! When similar situations occur in the market, the first cryptocurrency usually grows by 40%. Based on this data, analysts have projected a rate that could surpass $100K. 

Another factor that speaks in favor of the BTC growth is known as the Bitcoin Black Hole Effect. It happens when the Bitcoin dominance grows, drawing value away from altcoins. Thus, the crypto capital is concentrated in Bitcoin holdings. This in combination with the interest of institutional investors boosts Bitcoin price. The Bitcoin ETF market has attracted 4 billion USD so far, and this is just the beginning. 


Political factors have presented a significant Bitcoin price factor this year. It may significantly influence Bitcoin’s trajectory. The victory of Donald Trump can serve as a growth driver. However, experts believe that Bitcoin's upward trend will continue even if he loses. For instance, Bernstein predicts $200K by the year’s end although a temporary dip may occur in case Kamala Harris wins. As for Ethereum, 10x Research is not so optimistic about its growth potential. 


Despite all twists and turns in the political landscape, Bitcoin’s core remains unchanged. Don't forget that this asset wasn't born to play by the rules of traditional markets and react predictably. It thrives on volatility and embodies financial independence. Bitcoin is a rare constant in a world full of uncertainties.


#Bitcoin #forecast #Ethereum #BTC #ETH

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