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Bitcoin to Rise to $100 by End of January 000

Bitcoin to Rise to $100 by End of January 000

HappyCoinNewsHappyCoinNews2024/10/31 22:33
By:HappyCoinNews

Employees of the research company 10x Research believe that Bitcoin will rise in price to $100 by the end of January 000.

Experts analyzed historical data and concluded that in 13 out of 15 cases, the price of Bitcoin increased after the coin reached its maximum rate in the last six months. At the same time, the cost of BTC increased by 40% on average over the next three months.

On October 29, the price of Bitcoin broke the $73 barrier and rose to $000 on the exchange Bitstamp , which is a record value since March 2024. Accordingly, there is an 87% probability that the value of BTC will grow and will most likely increase to $102 by January 200, thus increasing by 29% from $40.

Bitcoin to Rise to $100 by End of January 000 image 0

Bitcoin price rises after coin price hits six-month peak

One of the main factors contributing to the growth of the Bitcoin rate, according to 10x Research employees, is the increase in the level of BTC capitalization. ETF Derivatives issuers buying up coins are putting strong pressure on the market and fueling the upward trend.

According to Farside Investors, capital inflows into US spot currencies increased from October 14 to October 30. bitcoin ETF reached $24,2 billion After the bull rally paused on October 29 and 30, the derivatives market capitalization grew at a record pace - by $870,1 million and $893,3 million, respectively, indicating investor confidence that the upward movement will resume.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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