Bitcoin users are not prepared for BTC to potentially reach a price of $133,000 in September

The Bitcoin trend model from 10x Research indicates there is a 60% chance that Bitcoin will rise in the next two months.

Bitcoin users are not prepared for BTC to potentially reach a price of $133,000 in September

Market news

Cryptocurrency investors may be underexposed to Bitcoin, especially now that options traders are becoming more optimistic about the asset, according to Markus Thielen, director of 10x Research.

"We remain optimistic, especially since many traders seem to be underexposed after last month's options expiration, which resulted in a significant reduction in exposure," Thielen told Cointelegraph on Wednesday, explaining that there is a possibility that Bitcoin

BTC

€100,487

could reach $133,000 in September.

"Traders are now predominantly buying call options, indicating that they may be underexposed to further upside," Thielen said in a market report on the same day.