10x Research: BTC is expected to reach $125,000 by the end of the year

ChainCatcher news, cryptocurrency research institution 10x Research announced that it will release its Bitcoin price target forecast for 2025 next week. The institution stated that this forecast will utilize the framework and models it previously used to successfully predict several important market nodes. It is reported that 10x Research accurately predicted the cycle low in October 2022, as well as a price target of $63,000 during the Bitcoin halving.

In July 2023, the institution predicted that Bitcoin would reach $125,000 by the end of 2024, a target that now seems achievable. Meanwhile, its price prediction for the end of 2023 was only 3% off from the actual closing price.