According to ChainCatcher news, a report from 10x Research indicates that Bitcoin's upward trend has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing large-scale capital outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventory is also insufficient. These factors collectively suggest that the price of Bitcoin may be boosted. Furthermore, based on its trading model indicators, it is predicted that by January 20, 2025, during Trump's inauguration, Bitcoin could rise to $120,000.
It is noteworthy that MicroStrategy is not included in the S&P 500 index but is included in the Nasdaq 100 index, which may drive increased buying activity this week. Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, making a significant increase in Bitcoin's price this week very likely.
