Analysts at 10X Research predict BTC may reach $100,000 by the new year, driven by institutional interest, market signals and Bitcoin dominance.
Current market trends and upcoming global events may spike the market price of Bitcoin to $100,000 by January 2025, crypto research firm 10X Research said.
The 10X Research prediction for the $100,000 Bitcoin (BTC) price target is based on its model that recently triggered two buy signals, the most recent being on Oct. 14. According to10X Research, its prediction model has a track record of 86.7% accuracy based on the last 15 signals.
The researchers explained their reasoning for the optimistic Bitcoin prediction:
