According to ChainCatcher news, a report from 10x Research indicates that Bitcoin's upward momentum 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 inventories are also insufficient. These factors together 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 worth noting 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 rise in Bitcoin this week very likely.
