**Bitcoin Set for Potential Rally by End of 2024, Says 10x Research**

Bitcoin could be gearing up for a significant rally by the end of 2024, according to the latest report from 10x Research. Despite a volatile year, the report suggests a paradigm shift driven by a mix of market forces and seasonal trends.

Markus Thielen, founder of 10x Research, pointed to the FTX payout, proposing a $5-8 billion inflow, as a key focus that could ignite bullish sentiment. He also noted the Federal Reserve's potential rate cuts as a factor that might encourage investors to reposition their portfolios for 2025.

Historically, Bitcoin has performed well from October to March, a trend that might repeat this year. The report also highlights macroeconomic conditions like Fed interest rate decisions and inflation concerns as potential catalysts for Bitcoin's end-of-year performance.

However, investors are advised to remain cautious due to Bitcoin's history of significant drawdowns. Key levels to watch include the previous cycle high of $68,330 and the 21-week moving average.

Additionally, gold has surged over 5% since Sept. 9, hitting a new all-time high, driven by geopolitical tensions and interest rate cuts. This rise in gold's price could also impact Bitcoin's performance.

Stay tuned as the market evolves and keep an eye on these critical factors.