10x Research: BTC is expected to rise to $120,000 by the time of Trump’s inauguration

Odaily reports that according to 10x Research's market analysis, the upward trend of Bitcoin has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing massive capital outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventories are also insufficient. These factors collectively suggest that the Bitcoin price may receive a boost. Furthermore, based on its trading model indicators, it is predicted that by January 20, 2025, the date of the Trump inauguration, Bitcoin may rise to $120,000. It is worth noting that MicroStrategy has not been included in the S&P 500 index but has been included in the Nasdaq 100 index, which may drive increased purchasing activity this week. Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, which increases the likelihood of a significant Bitcoin rally this week.