Bitcoin Could Climb 15% Within Days, Says 10x Research Head of Research
According to Markus Thielen, head of research at 10x Research, Bitcoin could see a 15% increase in price in the coming days, followed by a consolidation phase. Thielen believes that Bitcoin's recent breakout signals a "low-risk, high-reward entry opportunity" for traders. He also notes that Bitcoin has a pattern of jumping up in increments of $16,000 to $18,000 since the approval of spot Bitcoin exchange-traded funds in the US a year ago, which could lead to a potential rally reaching $122,000 by February. However, Thielen emphasizes that every investment and trading move involves risk and readers should conduct their own research before making a decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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