Bitcoin Price Prediction: $133K by September?
According to 10x Research‘s Bitcoin trend model, there is a 60% chance for Bitcoin to experience significant growth in the next two months. Markus Thielen, head of 10x Research, notes that many traders currently hold underexposed positions in Bitcoin, even as option traders grow increasingly bullish on the asset.
Key Factors Driving Bitcoin’s Potential Surge
- The model suggests a 60% probability of further upside in the next two months.
- Historical data indicates potential gains of around 20%.
- At the current price of $111,000, this could push Bitcoin to $133,000.
Market Catalysts and Analyst Insights
Several factors may drive Bitcoin‘s price higher. The upcoming US Consumer Price Index report on July 15 is expected to show benign inflation. Markus Thielen also highlights a favorable policy environment during the upcoming US crypto week.
Other analysts echo this optimism. Crypto trader Jelle remarked, ‘Bitcoin is taking off,’ while Rekt Capital stated, ‘The Bitcoin downtrend is over.’
Why This Quarter Could Defy Historical Trends
Although Q3 has historically been Bitcoin‘s weakest quarter, this one may break the pattern. Strong demand for ETFs and upcoming policy developments could propel prices upward. Matthew Hyland cautions that those staying on the sidelines may face significant opportunity costs.
