10x Research: New Bitcoin trading signals suggest its price could rise to $120,000 at the time of Trump's inauguration

10x Research posted on the X platform, stating that the new Bitcoin trading signal target is to reach $120,000 before Trump's inauguration in January.

1. The rise of Bitcoin has resumed after a brief consolidation, as emphasized last Friday. Cryptocurrency exchanges are experiencing massive capital outflows, greatly reducing the availability of Bitcoin on trading platforms. At the same time, inventory on over-the-counter trading platforms is also decreasing. These factors together indicate that Bitcoin prices may be squeezed.

2. In addition, we have received a new bitcoin trading signal based on the accuracy of our trading model (10 successful out of 12), this signal deserves serious consideration. This signal suggests that by January 20th, 2025 when Trump takes office, Bitcoin could potentially soar to $120,000.

3. Despite three definite catalysts for December - MicroStrategy being included in the S&P 500 index (probability at 50%), Microsoft proposing to use bitcoin as a treasury asset (probability at 10%) and US Financial Accounting Standards Board accounting rules regarding fair value reporting for crypto assets (probability at 100%) - their full impact has not yet been revealed.

4.It's worth noting that MicroStrategy was not included in the S&P500 index but was instead added to NASDAQ100 index which might drive increased buying activity this week. Furthermore,the company might issue more convertible bonds to expand its holdings of bitcoins which makes it highly likely for bitcoin breakthroughs this week.