Many analysts are wondering about the next significant milestone as Bitcoin’s extraordinary price rise has captured the market’s attention. This is predicted by the research company 10x Researchalpha coin could reach $122,000 until February. While this may seem like an ambitious goal, it is in line with the positive outlook of many experts who have observed Bitcoin’s ability to exceed critical price thresholds since the approval of Bitcoin ETFs.

Bitcoin: solid momentum

Bitcoin’s momentum is undeniable. In recent months, its price has fluctuated continuously, with periodic increases, usually in the $16,000-$18,000 range.

Markus Thielen of 10x Research believes that these steady gains indicate a continuation of the uptrend, meaning $122,000 is a possibility in the near future. Thielen emphasizes that despite the positive outlook, the market behavior of crypto assets may halt once this goal is achieved.

Thielen believes that Bitcoin’s breakout creates a “low-risk, high-reward market entry opportunity,” with Bitcoin trading at $105,727. He noted that after Donald Trump’s inauguration, BTC tested resistance at $101,000, making it a favorable time to buy with stop-losses around $98,000.

Thielen also pointed out that the price of bitcoin has risen by $16,000 to $18,000 since the launch of bitcoin cash ETFs in the U.S., suggesting it could reach $122,000 by February before entering the next phase of consolidation.

Consolidation expected after rapid growth

Bitcoin’s potential surge to $122,000 could be followed by a period of consolidation. This phase, during which the price stabilizes before another breakout, is a trend that has been repeated throughout history. Investors should anticipate this period of sideways price movement, which could create novel opportunities for those seeking a more favorable entry point.

Strength in relation to the stock exchange

The positive forecast is also in line with Bitcoin’s relative strength compared to established markets. Despite the challenges the stock exchange has faced, it has shown remarkable resilience.

Due to the increasing number of institutional investors investing in Bitcoin, the price of this digital asset is becoming less correlated with the broader financial market. This pattern could intensify the upward trajectory towards $12,000.

Meanwhile, according to current price forecasts, the price of Bitcoin is expected to raise by 24%. reach 130 thousand dollars until February 21, 2025. Technical indicators, according to CoinCodex, show that the current sentiment is bullish, while the Fear and Greed Index is 84 (Extreme Greed).

When?

While Bitcoin’s historical success does not guarantee future performance, current conditions are favorable for continued growth. The basis for any price increases is Bitcoin’s ability to profit from positive news such as ETF approvals, along with institutional support. The question is not whether Bitcoin will reach $122,000; rather when.

Featured image from Getty Images, chart from TradingView