Short-Term Bitcoin Price Predicton From 10x Research
22.01.2025 14:30 1 min. read Alexander Stefanov SHARE: 0 SHARES Bitcoin’s recent price movements have sparked optimism among analysts, with predictions of a potential 15% rise in the near term followed by consolidation. After rebounding to $107,000 on Tuesday, the cryptocurrency demonstrated strong technical resilience, according to Markus Thielen, head of research at 10x Research. Thielen highlighted the breakout as a key signal for traders, offering what he described as a “low-risk, high-reward” opportunity. He also noted a recurring pattern of price increases in $16,000 to $18,000 increments since the approval of U.S. spot Bitcoin ETFs last year. If this trend holds, Bitcoin could reach $122,000 by February, with the potential for even higher levels before stabilizing. Bitfinex analysts echoed this sentiment, praising Bitcoin’s strength compared to traditional markets and attributing the recovery to growing market enthusiasm, particularly following Donald Trump’s inauguration on January 20. They emphasized that Bitcoin’s ability to test and hold critical resistance levels around $101,000 has reinforced investor confidence. Additional support for the bullish outlook came from Keith Alan, co-founder of Material Indicators, who identified a “cup-and-handle” formation on the weekly chart. Alan suggested this pattern could drive Bitcoin toward its all-time highs if key levels are maintained. While optimism is high, analysts caution that maintaining momentum above $106,000 is crucial for confirming the upward trajectory. SHARE: 0 SHARES More Bitcoin News Bitcoin Will Surpass Gold as Governments Adopt It, Says Coinbase CEO At the World Economic Forum in Davos, Coinbase CEO Brian Armstrong highlighted Bitcoin’s growing significance, calling it a superior form of money compared to gold. 22.01.2025 12:00 2 min. read Kosta Gushterov Peter Schiff Labels Bitcoin a Meme Coin, Drawing Crypto Community Backlash Peter Schiff, a long-time Bitcoin critic, has stirred controversy once again by labeling the leading cryptocurrency a “meme coin.” 22.01.2025 9:00 2 min. read Alexander Zdravkov Bitfinex Report Warns of Bitcoin Volatility Despite New All-Time High Bitcoin has reached a new all-time high of around $110,000 on January 20, recovering sharply after dipping to $89,700 earlier in the week. 21.01.2025 22:00 2 min. read Alexander Stefanov El Salvador Expands Bitcoin Reserves Despite IMF Agreement El Salvador continues to expand its Bitcoin reserve, recently adding 12 BTC worth over $1 million, despite commitments to reduce crypto activities under a deal with the International Monetary Fund (IMF). 21.01.2025 12:30 1 min. read Alexander Zdravkov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: