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Reading: 10x Research Predicts Major Breakout for Bitcoin and Altcoins!
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Deythere > News > News > 10x Research Predicts Major Breakout for Bitcoin and Altcoins!
News

10x Research Predicts Major Breakout for Bitcoin and Altcoins!

symbolizing a bullish forecast for Bitcoin and altcoins. The scene shows a large Bitcoin symbol at the center rising with upward a
Benedikt Krüger
Last updated: September 23, 2024 11:19 am
By
Benedikt Krüger
Published September 23, 2024
2 Min Read
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Crypto research and analysis firm 10x Research has forecasted that Bitcoin (BTC) could reach an all-time high in the fourth quarter of 2024. In their report published on September 9, when Bitcoin was priced at $54,800, the company shared their thoughts on potential bullish catalysts on CNBC the following day. 10x Research highlighted that the period from October to March could see a significant and powerful breakout in the market.

Contents
  • Improving Market Structure
  • Critical Time Frame: October-March Period

Improving Market Structure

10x Research emphasized that the market structure is showing signs of improvement, which could lay the foundation for a bullish run. Notably, they pointed to the increase in stablecoin supply and rising leverage levels in futures markets as critical indicators. The firm also hinted at potential catalysts that could surprise investors. In their September 9 report, 10x Research noted Bitcoin’s bullish potential when the price was at $54,800, adding that they had been observing positive signals in the market ever since.

representing a bullish prediction for Bitcoin and altcoins. The scene shows a large Bitcoin symbol leading the way with upwar

Critical Time Frame: October-March Period

The period from October to March is expected to be a highly active phase for the crypto market. 10x Research believes this time frame could represent a crucial turning point for Bitcoin and other cryptocurrencies, as the firm reported numerous buy signals in recent weeks.

Leading cryptocurrencies like Bitcoin and Ethereum (ETH) have seen an increase in buy signals, which are viewed as indicators of a potential market surge. While there are still some key resistance points in the market, 10x Research stressed that major developments could occur during this period, advising investors to stay cautious. Their analysis supports the growing optimism in the crypto market, raising year-end expectations for many investors.

For the latest updates on the crypto market, stay tuned to Deythere.

10x Research, Bitcoin, Ethereum, crypto market, buy signals

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ByBenedikt Krüger
Benedikt Krüger is a seasoned blockchain developer and cryptocurrency analyst with 10 years of experience in the field. Starting his career in software development, Benedikt quickly transitioned into blockchain technology, where he has worked on several pioneering projects, including the development of secure blockchain networks and decentralized platforms. His expertise includes blockchain security, cryptographic protocols, and the technical underpinnings of cryptocurrency systems. At DT NEWS, Benedikt provides readers with in-depth technical analysis and expert commentary on the latest trends in the blockchain and cryptocurrency industries, ensuring they stay ahead of the curve in this fast-paced sector.
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