Urgent: Bitcoin Price Could Hit $133K By September, Are You Prepared?

Attention, crypto investors! Are you positioned for a significant move in the market? A recent report from 10x Research suggests that many may be underprepared for a potential surge in the Bitcoin price over the coming months. This analysis points to a bullish outlook, with a notable price target on the horizon.

Decoding the Latest Bitcoin Forecast

According to Markus Thielen, head of 10x Research, there’s a strong probability of Bitcoin moving higher in the near future. Their Bitcoin forecast model, which turned bullish on June 29, indicates a 60% chance of further upside over the next two months. Historical data supporting this model suggests potential gains of around 20%.

Based on Bitcoin’s recent trading levels around $111,000 to $112,000, a 20% increase would push the price towards the significant $133,000 mark. This projection sets the stage for a potentially impactful period for the cryptocurrency market, with September highlighted as a key timeframe.

Why $133K By Bitcoin September?

The target of $133K by September is derived from the 20% historical analog gain projected by the 10x Research model when it flips bullish. Thielen emphasizes that traders might be underexposed, especially after the recent options expiry led to a reduction in market positioning. The shift towards predominantly buying call options further signals a growing bullish sentiment among traders anticipating higher prices.

While Q3 has historically been a weaker period for Bitcoin, averaging only a 5.84% return since 2013 according to CoinGlass, Thielen believes this quarter could break that trend. Several catalysts are on the horizon:

• The upcoming US Consumer Price Index (CPI) print on July 15, which market expectations suggest will be favorable.
• A potentially bullish policy environment during the upcoming US crypto week.
• Continued strong demand from US-based spot Bitcoin ETFs, which saw significant inflows recently ($215.7 million on a single day).

These factors combined could provide the momentum needed to propel Bitcoin into a higher trading range, potentially reaching the $133K target by Bitcoin September.

Are Traders Underpositioned? The Risk of Missing the Move

A key concern raised by 10x Research is that many traders appear underprepared or underpositioned for this potential upside move. Following the last month’s option expiry, significant exposure was rolled off, leaving many on the sidelines. The market sentiment, however, is shifting, with increased buying of call options indicating a bullish outlook.

Other analysts echo this sentiment. Crypto trader Jelle noted that “Bitcoin is taking off,” while Rekt Capital declared the “Bitcoin downtrend is over.” Matthew Hyland warned of “Max pain coming” for those who remain on the sidelines, drawing parallels to missed opportunities in the past, such as the significant dip buy opportunity in 2020.

Being underpositioned means potentially missing out on substantial gains if Bitcoin continues its upward trajectory towards the $133K target. The current breakout, fueled by ETF demand and policy catalysts, could define the quarter for market participants.

Summary: Positioning for Potential Upside

10x Research presents a compelling Bitcoin forecast, projecting a 60% chance of higher prices and a potential target of $133K by Bitcoin September. This outlook is supported by their trend model flipping bullish, shifting options market sentiment, robust ETF inflows, and anticipated positive policy developments. The analysis highlights a potential risk for traders who are currently underprepared or underpositioned, warning that they could miss a defining move for the quarter. As the market shows signs of transitioning into a higher range, staying informed and evaluating one’s exposure seems prudent for those navigating the current Crypto market analysis landscape.