According to Markus Thielen from 10x Research, the model indicates a 60% chance for Bitcoin prices to rise significantly within the next two months, potentially achieving a 20% gain.
Many investors remain underexposed to Bitcoin despite growing bullish sentiments from options traders. Markus Thielen highlighted that last month’s option expiry left several traders unprepared.
Thielen noted that the renewed interest in call options suggests traders might be missing out on potential upsides, hinting at a potential price of $133,000 by September for Bitcoin (BTC).
Invitation for Strategic Positioning
Bitcoin has reached a milestone, setting a new record at $112,000. The bullish swing on June 29 marked a pivotal point, with a forecasted continuation of gains possibly leading BTC to $133,000 in the upcoming months.
This trend model hints that history could repeat itself, betting on a continued upward trajectory.
Bitcoin’s rise may accelerate due to upcoming economic events, like the US Consumer Price Index report, expected to show a positive economic backdrop.
A Defining Move for the Third Quarter
Historically, the third quarter hasn’t favored Bitcoin with average returns of just 5.84%. However, this time around, things might play out differently.
Momentum from demand for ETFs amid anticipated policy shifts keeps Bitcoin moving, with recent $215.7 million inflows into US-based ETFs pointing towards robust interest.
Prominent figures like Jelle from the crypto trading scene express optimism. Analyst Rekt Capital noted an end to a prolonged downtrend, while Matthew Hyland warns against missing out on this strategic opportunity.
Speculation among enthusiasts indicates Bitcoin’s potential for prominent growth phases, urging traders to seize the promising outlook.
Begin your preparation and stay informed. Bitcoin’s dynamics could redefine its value proposition this quarter with significant advances.
Invest wisely. This report encourages strategic decision-making with an informed approach towards Bitcoin investments.
