🚀 Crypto Bitcoin Price Primed For Monumental Surge To $100,000 By January 2025 — Market Researchers Explain Why

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The wider crypto market has been abuzz following Bitcoin’s recent impressive performance, which has resulted in the premier crypto getting precariously close to revisiting its current all-time high price.

Crypto research firm 10X Research has suggested that Bitcoin’s price could trade at least $100,000 by January 2025.

The Bitcoin price prediction comes as Bitcoin enjoyed a rapid march above the $73,000 level, nearing the March ATH during late trading on Tuesday, before retreating slightly today.

Prediction Model Lends Credence To $100,000 BTC Target​

Analysts foresee Bitcoin at $100,000 by early next year.

According to 10x Research, the six-figure target for the leading cryptocurrency is based on its model that recently produced two buy signals, with the recent one being on Oct. 14. The analysts claim that their prediction model has a track record of around 87% accuracy based on the previous 15 signals.

10X Research explained the rationale for the upbeat Bitcoin projection:

“When Bitcoin sets a new six-month high for the first time in 6 months like it did recently, we typically see a median return of 40% over the next 3 months.”

Given the analysts’ calculations, a 40% growth from the current market price of $72,200 would propel Bitcoin above $100,000 by Jan. 27, 2025.

Strong Institutional Demand To Buoy Bitcoin Upsurge​

Soaring demand for spot Bitcoin exchange-traded funds (ETFs), which now nearly hold 1 million BTC in assets under management, indicates massive institutional interest. These ETFs, launched in January 2024, attracted approximately $4 billion in fresh investor money in October alone.

Moreover, institutional investors like BlackRock, the world’s largest asset manager, now consider BTC a viable long-term investment or digital gold.

“Gold has always been seen as a safe haven asset, so if Bitcoin is the new digital gold, it makes sense that institutions would be interested,” 10X Research asserted.

Meanwhile, the researchers also forecasted that Republican Party frontrunner Donald Trump would win the United States presidential election next week, which could be a considerable boon for the crypto market.

Trump, who is known for his U-turn on Bitcoin in recent years, has promised to make America “the crypto capital of the world”. The US Securities and Exchange Commission (SEC) has adopted a hostile stance on crypto companies, prompting many in the industry to see the Democrats — who currently control the White House — as anti-crypto. The former president has also vowed to oust current SEC chair Gary Gensler on his first day of office.

However, some pundits have maintained that the cryptosphere’s growth is inevitable regardless of who wins the election.