Analysts at 10X Research believe Bitcoin could hit $100,000 by January 2025, spurred by strong institutional interest, market signals, and Bitcoin’s increasing dominance.
According to 10X Research, market trends and significant global events could drive Bitcoin’s price to this target in the coming months. Their prediction model, which signaled a “buy” most recently on Oct. 14, has an 86.7% accuracy rate across the last 15 signals.
The team explained their positive forecast:
“When Bitcoin reaches a six-month high like it did recently, historical data shows a typical return of around 40% over the next three months.” Based on this, a 40% increase from Bitcoin’s current price of $73,000 could bring it to $101,000 by late January 2025.
Institutional Interest Driving Growth
The theory is further backed by what analysts refer to as the “Bitcoin black hole effect,” where Bitcoin’s market dominance pulls value away from altcoins. Institutional investors, including companies like BlackRock, view Bitcoin as digital gold and a long-term stable asset. In October alone, Bitcoin spot ETFs pulled in around $4.1 billion, demonstrating increased interest from institutions and reinforcing Bitcoin’s value as a “safe haven.”
Summary Review: 10X Research forecasts Bitcoin reaching $100,000 by early 2025, based on its accurate market model and the asset’s rising appeal to institutions. With strong backing from institutional investors and recent high–price signals, Bitcoin’s long-term value is strengthening, possibly driving it to the six-figure mark.
Disclaimer: Nothing in this article or under the responsibility of Web30 News should be considered financial advice. This information is for entertainment and educational purposes only. Cryptocurrency investing carries inherent risks, and potential investors should be aware that capital is at risk, and returns are not guaranteed. Always conduct thorough research and consult a financial advisor before making investment decisions.
