The post Bitcoin Poised for Massive Gains in Q4: Research Firm appeared on BitcoinEthereumNews.com.

Bitcoin is expected to reach $65,000 in the near future by 10x Research. 10x Research predicted that BTC will print a new all-time high in Q4. The demand for speculative altcoins is also on the rise, 10x Research said. Bitcoin (BTC) is on track to reach a new all-time high in the fourth quarter of this year, according to digital asset research firm 10x Research. The firm believes that if Bitcoin’s price moves above the $65,000 level, the bull market will resume. In a post on X (formerly Twitter), 10x Research explained that since hitting a new all-time high in March, Bitcoin’s price has experienced a volatile correction marked by four lower highs. A breakout above $65,000 “would signal a reversal of this downtrend,” with Bitcoin targeting $70,000. Additionally, Bitcoin is expected to reach a new all-time high in the fourth quarter of the year. At the time of writing, the world’s largest digital asset is trading at a price tag of $63,874.92, down 13.41% from its all-time high of $73,750. In the past 24 hours, the cryptocurrency rose 0.24% but in the past week, Bitcoin skyrocketed 6.16% while jumping 144.43% since September 2023, as per CoinMarketCap data. 10x Research further noted that the market is witnessing a shift in the investment landscape that “has sparked a surge in the pursuit of high-risk, high-reward assets.” Read also: This Bitcoin Indicator Says a Bull Run Could Be Coming Savvy Crypto Traders Are Betting on These Altcoins —Are You Missing Out? Trading volumes for altcoins have surged, and there’s been a significant shift away from Bitcoin 👇1-12) One of the most crucial elements of successful investing is recognizing when market themes and… — 10x Research (@10x_Research) September 25, 2024 10x Research asserts that the downtrend in Bitcoin’s price is over, even though…

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Filed under: News - @ September 25, 2024 12:28 pm