On Friday, Bitcoin $BTC
reached a new all-time high of $99,500. At the time of writing, the cryptocurrency is trading around $98,675.
However, analysts at 10X Research believe that the rally is far from over, and the price of Bitcoin could rise to $115,000 by the end of December.
Why could Bitcoin soon reach $115,000? In their new report, analysts at 10X Research noted that the BTC market has become saturated with liquidity in recent weeks. In the last month alone, the issuer of the largest market-cap stablecoin Tether has issued 10 billion USDT, while Circle has added another 3 billion USDC tokens to the supply.
