Research firm 10x Research projects a significant price increase for Bitcoin, anticipating the cryptocurrency could reach $133,000 following a short-term consolidation period.
Markus Thielen, Research Director at 10x Research, outlined a forecast predicting Bitcoin’s price to appreciate by approximately 20% over the next two months, potentially achieving the $133,000 valuation.
The analysis emphasizes that this expected upward movement will be preceded by a phase of price consolidation, where gains stabilize before the next significant climb.
Beyond the two-month target, the research team reaffirms a more ambitious year-end price objective for Bitcoin. Their sustained projection places Bitcoin at $160,000 by the conclusion of the year, signaling confidence in continuing positive market momentum supporting long-term growth.