10x Research: Bitcoin will consolidate at $ 122,000 in February

According to a report by 10x Research analysts, bitcoin BTC $104,652.97 Bitcoin 0.75% Market capitalization $2.07 trillion VOL. 24 hours $3.09 billion could reach $ 122,000 as early as February this year. This ambitious target is based on the analysis of market trends, growing demand for cryptocurrencies, and positive sentiment among investors.

Experts note that the flagship of the crypto market is currently in a consolidation phase, which is typical behavior before a significant price increase. According to experts, the accumulation of assets in the market indicates readiness for a new rally. «This phase is necessary to consolidate the market position before the next breakthrough,» the report says.

According to 10x Research, the key drivers of growth are the gradual economic recovery after the instability of recent years, as well as the introduction of favorable regulations in the US and Europe. Another important factor is the growing institutional interest in cryptocurrencies.

However, analysts emphasize possible risks. These include global macroeconomic instability and potential changes in regulatory policy. Nevertheless, the overall outlook remains positive.

10x Research experts warn that investors should be prepared for possible fluctuations, but in the long run, bitcoin remains one of the most promising assets for preserving and increasing capital.