Bitcoin On The Cusp of Making New All-Time Highs
On September 23, 10x Research released a pivotal report forecasting Bitcoin’s trajectory toward new all-time highs in Q4 2024. Backed by dual buy signals from their proprietary trading models, the analysis underscores a bullish outlook for Bitcoin’s performance.
Historically, 10x Research has demonstrated remarkable accuracy in market predictions:
- Their 2024 halving price prediction (October 2022) was 99% accurate.
- The 2023 year-end target missed by just 3%.
- The 2024 year-end target of $70,000 has held steady for six months, supported by consistent momentum.
Key Insights from Quant Models
While the team reverted to a bullish stance in September, they awaited quantifiable data to project the rally’s ceiling. Two active Bitcoin trading signals—triggered at $60,270 (August 27)** and **$68,205 (October 14)—initially lacked statistical depth to pinpoint exact targets. However, historical patterns now suggest Bitcoin could reach XXX by January 2025, assuming these trends persist.
👉 Discover how Bitcoin’s volatility creates opportunities for strategic traders.
FAQs
Q1: What drives 10x Research’s Bitcoin price predictions?
A1: Their models combine quantitative strategy signals, historical data, and momentum analysis to forecast trends.
Q2: Why is the $70,000 year-end target significant?
A2: It reflects sustained bullish momentum and aligns with pre-halving performance patterns observed since 2022.
Q3: How reliable are these predictions?
A3: With a track record of <3% deviation in past forecasts, their methodology emphasizes data over speculation.
👉 Learn why institutional investors are doubling down on Bitcoin amid rising market confidence.
Conclusion
10x Research’s latest analysis reinforces Bitcoin’s potential to breach all-time highs, driven by quantifiable signals and historical precedents. As models evolve, their projections remain a critical benchmark for crypto traders worldwide.
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