10x Research: BTC may rise to $120,000 by Trump's inauguration

2024-12-16 09:13:36

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ChainCatcher news, the 10x Research report indicates that Bitcoin's upward trend has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing massive capital outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventories are also insufficient. These factors collectively suggest that Bitcoin's price may be boosted. Furthermore, based on its trading model indicators, it is predicted that by January 20, 2025, during Trump's inauguration, Bitcoin could rise to $120,000.

It is worth noting that MicroStrategy is not included in the S&P 500 index but is included in the Nasdaq 100 index, which may drive increased buying activity this week. Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, making a significant rise in Bitcoin this week highly likely.

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