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The price of Bitcoin has surpassed $73,000, indicating the persistence of bullish momentum in the near future, according to analysts from 10x Research.
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Their assessment suggests that the current movement has taken many investors by surprise. Consequently, market participants may adjust their strategies, which could further amplify volatility and accelerate Bitcoin’s price increase.
“The critical question is how sustainable this rise will be. This pertains not only to a short-term rebound but also to the potential onset of a new upward cycle that could set new historical highs,” the analysts at 10x Research noted.
Analysts believe that a significant limitation for Bitcoin’s bullish trend could arise from quantum threats. However, they estimate that this concern will not become relevant until around 2030–2035.
In the short term, the market is supported by a combination of factors: a reduction in selling pressure, a recovery in liquidity, and a gradual resurgence of interest from major investors. This creates a more stable foundation for growth compared to previous phases.
At the same time, the dynamics remain contingent on macroeconomic conditions. Tightening monetary policy or a decline in global risk appetite could hinder growth. In their baseline scenario, analysts anticipate the continuation of the upward trend, allowing for short-term corrections amid profit-taking.
Previously, Michael van de Poppe, founder of the consulting firm MN Trading and analyst, presented three scenarios for Bitcoin’s price movement over the coming weeks.
