10x Research founder: BTC is still expected to break through $100,000 in the next few weeks, optimistic about next year's market

Odaily Planet Daily Report: Markus Thielen, founder and CEO of 10x Research, said today that "Bitcoin is consolidating ahead of the Thanksgiving long weekend as traders expect implied volatility to decline." He added that Bitcoin has a history of weakening towards the end of the month, which "helps alleviate its overbought technical condition." Thielen said that stronger-than-expected economic growth data and other broader macroeconomic factors could surprise the market by leading the Fed to keep rates stable in December, impacting high-risk assets, but he remains optimistic in the coming weeks, "despite these short-term headwinds, we still believe Bitcoin will break the $100,000 milestone in the coming weeks and remain optimistic about 2025." (Cointelegraph)