Finally, A Bold New Bitcoin Price Prediction by 10x Research...

All in...

Author

Markus Thielen
October 29, 2024

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Finally, A Bold New Bitcoin Price Prediction by 10x Research...

👇1-11) On September 23, we issued a bold report titled “Bitcoin Set to Smash New All-Time Highs in Q4 2024!” Supported by two active buy signals from our trading models, our outlook for Bitcoin this Q4 has been bullish. Until now, however, we were awaiting new upside targets from our quant strategy models to provide projections for this rally’s potential. These models, which previously guided us to anticipate the start of a new bull market in late 2022, now indicate where this momentum could lead.

Bitcoin On The Cusp of Making New All-Time highs

👇2-11) We've built a reputation for making bold, accurate predictions about corrections and bull markets’ beginning and end over the years. Our 2024 halving price prediction, made as early as October 2022, came within 1% of accuracy, while our year-end 2023 target was missed by just 3%. Our original 2024 year-end target of $70,000 has been a solid forecast for the past six months. With no new high-probability strategic quant signals emerging, there was no reason to adjust the $70,000 target, as momentum has stayed within a steady range.

👇3-11) While we turned bullish again in September, we held back from making bold calls. As always, we rely on data, and while we have two active Bitcoin trading signals (from August 27 at $60,270 and October 14 at $68,205), the quant strategy setup initially lacked sufficient statistical evidence to pinpoint where this rally might lead, predicting that by January 2025, the Bitcoin price would reach XXX – if those historical patterns hold.

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