### Market Structure Shows Signs of Improvement
#### Key Period: October to March
According to 10x Research, a cryptocurrency research and analysis firm, Bitcoin (BTC)
is poised to potentially hit an all-time high of $63,540 in the fourth quarter of 2024. In a report released on September 9, the firm noted that Bitcoin was trading at $54,800 and shared insights regarding possible catalysts for price increases during a segment aired on CNBC the following day. They highlighted the probability of a significant market breakout during the crucial timeframe from October to March.
### Positive Developments in Market Structure
10x Research has identified favorable changes in the market structure that may set the stage for a bullish trend. A notable increase in the supply of stablecoins and higher leverage levels in futures trading are particularly noteworthy. These developments are seen as essential indicators for the cryptocurrency market, with the firm also pointing out various potential catalysts that could catch investors off guard.
In the report issued on September 9, the firm emphasized Bitcoin’s upward trajectory, identifying its price at $54,800 during that period. Following this, they detected encouraging signals within the market. 10x Research has consistently provided “buy” recommendations for various cryptocurrencies, advising investors to proceed with caution.
### Critical Period: October to March
The firm foresees a dynamic landscape in the cryptocurrency market from October to March. They suggest that this timeframe could represent a pivotal turning point for Bitcoin and other digital currencies, noting that they have received a multitude of positive buy signals in recent weeks.
The rise in buy signals for leading cryptocurrencies like Bitcoin and Ethereum (ETH)
, currently priced at $2,650, is interpreted as a sign of an imminent market surge. Despite the presence of significant resistance levels, 10x Research is optimistic that critical developments may unfold, encouraging investors to stay alert during this pivotal period. Their analysis reinforces the positive sentiment surrounding the cryptocurrency market, raising year-end expectations for investors.
Stay updated with our latest news on Telegram, Facebook, Twitter, and Coinmarketcap.
### Disclaimer:
The information provided in this article is not intended as investment advice. Investors should recognize that cryptocurrencies are highly volatile and carry inherent risks; therefore, conducting individual research is essential.