Get ready for dynamic growth: bitcoin could hit $133,000 in September.

Get ready for dynamic growth: bitcoin could hit $133,000 in September.

In recent weeks, bitcoin seems to be experiencing a significant trend change. According to 10x Research's latest model, there is now a 60% chance that its price will move higher in the next two months, with historical analysis pointing to potential gains of around 20%. That means Bitcoin could approach the $133,000 mark in September, much higher than the current $111,278.

What's behind this bullish scenario?

Markus Thielen, the head of 10x Research, points out that cryptocurrency investors may not be sufficiently prepared for this potential rise. "Many traders are undervalued after the options expiration period last month, which could lead to further dynamic growth," he explains. Thielen also points out that call option purchases are currently predominant, signaling that the market is underexposed to potential further growth.

Technical signals and current bitcoin performance

On Wednesday, bitcoin broke the $112,000 mark for the first time and recorded a new all-time high. According to Thielen, 10x Research's trend pattern, which turned bullish on June 29, is starting to materialize. This breakthrough, he said, could add momentum for further growth into September.

"Our signals suggest a 60% probability that the trend will continue to strengthen, and historically that means gains of around 20%," says Thielen. And at the current price of around $111,000, Bitcoin could hit the $133,000 mark, which would mark significant growth and perhaps a new market landmark.

Factors that could fuel further growth

Thielen points to several key catalysts that could push bitcoin even higher. These include the upcoming release of the US Consumer Price Index on July 15, from which the market is expecting favorable numbers. He also mentioned the "bullish political environment" during the upcoming US cryptocurrency week, which could boost investor interest.

"This quarter could be key," Thielen said. Although the third quarter has traditionally been the least profitable, he said there is now the potential for things to turn around. Traders risk missing out on a major move that could define the rest of the year.

What do market experts say?

It's not just Thielen who believes Bitcoin has a bright future ahead of it. On Wednesday, cryptocurrency trader Jelle said on the X network (formerly Twitter), "Bitcoin is taking off." He adds that there is still time for the situation to stabilize and for the market to embark on another parabolic rise.

Conclusion: prepare for a possible jump, or risk missing an opportunity

Although historically the third quarter is the least profitable period for Bitcoin, current signals suggest that this year may be exceptional. With a number of political and economic factors on the horizon, it is possible that the cryptocurrency market is on the eve of a fundamental change.

Investors should be vigilant and keep an eye on developments, as the next move may just be the one that defines the rest of the year. Prepare for a possible $133,000 attack - and remember that in the cryptocurrency world, anything can happen very quickly.

*This is not an investment recommendation.

Coingarage Team