TechFlow news, on September 23, crypto research firm 10x Research released a new analysis report forecasting that Bitcoin is poised to reach an all-time high in the fourth quarter of 2024. As the market enters the critical period from October to March next year, the likelihood of Bitcoin breaking out is increasing.
10x Research stated that since releasing its bullish Bitcoin report on September 9, market structure has significantly improved. At that time, Bitcoin was priced at $54,800, and since then multiple indicators have shown positive signals: stablecoin issuance has increased, leverage in the futures market has risen, and its trading signal system has repeatedly triggered buy alerts for Bitcoin, Ethereum, and other cryptocurrencies.
The firm discussed potential catalysts for a year-end rally during a CNBC program. Although the market still faces some resistance, 10x Research believes major bullish factors could surprise investors. They described the current market condition as "game on," suggesting a new bull market may be imminent.
