Bitcoin Could Hit $101,694 By January, Says 10x Research

Benzinga · Oct 30 22:43

A new suggests thatBitcoin(CRYPTO: BTC) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing institutional demand through spot ETFs.

What Happened:The report, by 10x Research, highlights Bitcoin's resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of +40%. If this trend holds, Bitcoin is expected to cross the $100,000 mark early next year.

"We're seeing Bitcoin absorb market energy from altcoins, much like a gravitational black hole," 10x Research analysts noted.

Bitcoin dominance, the percentage of the total crypto market cap that Bitcoin represents, has...

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Bitcoin Could Hit $101,694 By January, Says 10x Research

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