Bitcoin To Hit $100,000 By January 2025? Could ‘Black Hole Effect’ Push The Largest Crypto To Never-Before-Seen Levels
Posted On November 4, 2024
Cryptocurrency analytics firm 10x Research projected Bitcoin (CRYPTO: BTC) to reach the $100,000 price milestone early next year
What happened: In its latest video, the firm explained the rationale behind the bullish prediction.
The leading cryptocurrency came within touching distance of vanquishing its all-time high of $73,737 last week, hitting a new six-week high in the process.
Analysts at 10x Research said that such occurrences have historically preceded a median return of 40% over the next three months.
Keeping the reference price at $72,000-$72,500, a 40% jump would indeed catapult Bitcoin to over $100,000.Â
However, since these estimates, Bitcoin has fallen dramatically, reaching as low …
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