TechFlow news, on December 16, crypto research firm 10x Research reported that Bitcoin's price could reach $120,000 ahead of Trump's inauguration in January 2025. The report noted that cryptocurrency exchanges are experiencing massive capital outflows, with exchange Bitcoin availability significantly decreasing, while over-the-counter (OTC) desk inventory levels remain low—factors collectively indicating a potential short squeeze in Bitcoin's price.
In addition, the three major catalysts for December have already materialized: MicroStrategy’s inclusion into the Nasdaq 100 Index (previously expected S&P 500 inclusion with 50% probability), Microsoft’s proposal to include Bitcoin on its balance sheet (10% probability), and FASB’s fair value accounting rules for crypto assets (100% probability).
