10X Research analysts predict bitcoin price by the end of 2024

Analysts at 10X Research predict that bitcoin BTC $104,887.41 Bitcoin -2.01% Market capitalization $2.08 trillion VOL. 24 hours $3.68 billion will continue to grow and may reach $ 115,000 by the end of December 2024.

Experts note that the cryptocurrency market has been saturated with liquidity over the past few weeks.

Analysts point out that Tether and Circle have significantly increased the volume of their stablecoins, issuing 13 billion USDT and USDC, respectively.

This increase in the volume of stablecoins on crypto exchanges is a bullish signal that often leads to increased buying pressure and an increase in asset value.

According to 10X Research, trading volumes on the spot and bitcoin ETF markets have increased significantly.

This indicates that traders expect the price of bitcoin to break through the $ 100,000 level in the short term.

Analysts predict that the price could rise to $ 105,000 or even $ 115,000 by Christmas 2024.

This growth is supported by high liquidity and activity in the market, which creates favorable conditions for further growth in the value of the first cryptocurrency.