10x Research Says Bitcoin Unlikely to Set New Record Soon, With $100,000 a Major Milestone
JH Kim
Summary
- 10x Research said Bitcoin is unlikely to break its all-time high (ATH) in the near term.
- Markus Thielen said Bitcoin could extend its uptrend and rally further from current levels.
- Thielen said $100,000 is an important milestone for Bitcoin and would itself mark a major achievement.
Forecast Trend Report by Period
Bitcoin is unlikely to set a new all-time high in the near term, though it could still post substantial gains from current levels.
Cointelegraph reported on August 25 that 10x Research founder Markus Thielen said in an interview that he does not expect Bitcoin to surpass its previous record anytime soon.
"Bitcoin could continue a sizable rally, but I don’t see it setting a new high in the short term," Thielen said.
He added that $100,000 is an important milestone for Bitcoin and that reaching that level alone would be a major achievement.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.