Haberler   
  English   
  Kurdî   
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 02/01/2025 22:43 
News  > 

Striking prediction from analysts: Bitcoin will peak in 2025.

Striking prediction from analysts: Bitcoin will peak in 2025.

30.10.2024 19:51

The crypto research firm 10X Research predicts that institutional interest and market signals could drive the price of Bitcoin (BTC) to $100,000 by January 2025. The firm's forecasting model, which has an accuracy rate of 86.7% over the last 15 signals, along with the increasing interest from institutional investors like BlackRock, supports the realism of this target.

The spot Bitcoin ETF market attracted $4.1 billion in investments in October, while Bitcoin's six-month new peak has created a median return expectation of 40% over the next three months. This rise could push BTC from the current price of $73,000 to over $101,000 by January 2025.

Institutional Investments Have Started the Countdown for a Bitcoin Record

The 10X Research forecasting model triggered two buy signals, the latest of which was on October 14. The research team noted that typically, a median return of 40% is observed in a three-month period following Bitcoin's first new peak in the last six months.

At the center of investment flows is the assessment by institutional investors like BlackRock, viewing Bitcoin as a long-term stable asset or digital gold.

10X Research predicts that Donald Trump's potential victory in the 2024 U.S. presidential elections could strengthen the crypto market. Upcoming regulations will allow companies to report their Bitcoin assets at current market prices.

The outlook for Ethereum (ETH) is negative due to low returns over the past two years. While the report is optimistic about short-term Ethereum rallies, it takes a cautious approach regarding long-term expectations unless innovations change the stagnant trend.



 
Latest News
  • MHK President Ferhat Gündoğdu gives a bombshell response to claims that VAR recordings are manipulated.
  • The President of the Central Refereeing Committee of the Turkish Football Federation, Ferhat Gündoğdu, spoke about the new refereeing system. Responding to claims that VAR recordings are edited, Gündoğdu said, "I just laugh at this. You can find something to say about everything. My suggestion is to broadcast the discussions live when the referee goes to review something on the field. I will propose this to the Advisory Board."
  • 6 minutes ago...

  • From Bahçeli: A message for Ferdi Tayfur: He took a part of me away.
  • The leader of the MHP, Devlet Bahçeli, expressed his condolences in a message following the death of the master of arabesque music, Ferdi Tayfur, stating, "We have lost the exceptional artist of the Turkish people and arabesque music, Ferdi Tayfur. His passing has taken a part of me away. May he find peace in his place. May his resting place be in paradise."
  • 26 minutes ago...




 
 
Top News