Bitcoin To $122K Next Month? Research Predicts Big Move
As Bitcoin’s significant price rise captures the market’s attention, many analysts are thinking about the next major milestone. Research firm 10x Research ForecastsAlphacoin could hit $122,000 to February. While this seems like an ambitious goal, it is consistent with the optimistic view of numerous experts who have observed Bitcoin’s ability to surpass key price thresholds since the Bitcoin ETF was approved.
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Bitcoin: Strong Momentum
Bitcoin’s momentum is undeniable. Its price has continued to fluctuate in recent months, rising periodically, usually between $16,000 and $18,000.
Markus Thielen of 10x Research believes that these continued increases indicate that the upward trend is continuing, meaning that $122,000 is feasible in the near future. Thielen emphasized that despite the positive outlook, market behavior in crypto assets may pause after this goal is achieved.
Thielen believes that Bitcoin’s breakout, with Bitcoin trading at $105,727, provides a “low-risk, high-reward entry opportunity.” He noted that after Donald Trump took office, Bitcoin tested resistance at $101,000, which was a favorable time to buy, with stops around $98,000.
Thielen also noted that Bitcoin has gained between $16,000 and $18,000 since the launch of the spot Bitcoin ETF in the United States, suggesting that Bitcoin could reach $122,000 by February before entering another consolidation phase.
Consolidation expectations after surge
Bitcoin is expected to rise to $122,000, followed by a period of consolidation. During this phase, prices stabilize before another outburst, a recurring trend throughout history. Investors should expect sideways price action during this period, which may lead to new opportunities for those looking for more favorable entry points.
Relative to stock market strength
This optimistic forecast is also consistent with Bitcoin’s relative strength relative to traditional markets. Despite the challenges faced by the stock market, it has shown remarkable resilience.
As the number of institutional investors investing in Bitcoin continues to grow, the price of the digital asset has become increasingly less correlated with broader financial markets. This pattern has the potential to push the upward trajectory towards $12,000.
Meanwhile, according to current price predictions, the price of Bitcoin is expected to rise by 24%, reaches $130,000 Until February 21, 2025. According to CoinCodex, technical indicators show that current sentiment is bullish, while the Fear & Greed Index shows 84 (Extreme Greed).
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when?
While Bitcoin’s historical success is no guarantee of future results, current conditions are favorable for further growth. The cornerstone of any price increase is Bitcoin’s ability to profit from positive news, such as ETF approval, as well as institutional support. The question is not whether Bitcoin will reach $122,000; On the contrary, when.
Featured image via Getty Images, chart via TradingView
