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MARKETS DAILY: Crypto Update | Bitcoin to Reach $100K by December or January: 10x Research Founder
Nov 7, 2024
In this discussion, Markus Thielen, founder of 10x Research and known for his bold Bitcoin predictions, shares his optimistic outlook that Bitcoin could reach $100,000 by December or January. He analyzes how the recent political events and potential SEC leadership changes may bolster market confidence. Thielen also delves into the seasonal trends of Bitcoin, the cryptocurrency’s resilience amid political changes, and the growing institutional interest that could fuel its price surge. This is a must-listen for crypto enthusiasts!
16:22
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Quick takeaways
- Markus Thielen predicts Bitcoin could hit $100,000 by January due to expected SEC leadership changes and bullish market sentiment.
- Historical data indicates October to March is the optimal investment period for Bitcoin, showcasing consistent price increases during these months.
Deep dives
The Impact of Market Trends on Bitcoin Investing
Recent trends suggest that the best time to invest in Bitcoin is from October to March, based on historical data. During this time frame, Bitcoin has shown a consistent pattern of price increases, leading to significant gains for investors. For instance, analysis from the past years indicated substantial rallies starting in late September, with prices sustained through March. This cycle appears to be repeating, making it a critical period for investors looking to capitalize on potential growth.
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