10X Research CEO: Bitcoin will reach $77,000 in early April and rise to $146,000 in 90 days

BlockBeats news, on March 14, 10X Research CEO Markus Thielen published the latest prediction article. Even taking into account the law of diminishing returns (removing data from 2013), it can still be predicted that once Bitcoin reaches a new high, as it did last week That way, prices should continue to rise. A reversal test of last week’s intraday high suggests a 50% chance of Bitcoin rising or falling. While there may be a 10-day or 20-day consolidation period - as some analysts predict - prices will be higher after both 30 and 60 days. This would predict Bitcoin reaching $77,000 in early April and $99,000 by May 2024. “We have a long-term target of $125,000, which is derived from our June 2023 and November 2023 analysis, and there is a high probability that this level will be hit in this bull market (we will explain our later Main target)." By mid-summer, this record-breaking analysis would have predicted the price to rise to 146,000 (within 90 days) - an eye-catching number. Although corrections and retracements can occur at any time, traders can consider the breakout level (68,300) as their new bottom line. “Above this level, we can argue that Bitcoin could see material upside in the coming weeks and months. Although there is a possibility that Bitcoin price climbs to 146,000 this summer, we currently maintain 125,000 price target as we expect this bull market to continue into 2025.”