10X Research: Bitcoin is expected to reach $100,000 in January 2025

ChainCatcher news, cryptocurrency research firm 10X Research predicts that current market trends and upcoming global events could drive Bitcoin's market price to $100,000 by January 2025.

10X Research states that this target price is based on its model, which has an accuracy rate of up to 86.66% based on the recent 15 signals, performing well.

The researchers said: "When Bitcoin reaches a new six-month high for the first time in six months, as it recently did, we typically see an average return of 40% over the next three months. Considering the above calculations, by January 27, 2025, the price of BTC is expected to rise by 40% from the current $73,000 to over $101,000."