BTC on Track for $122K Next Month, Followed by Market Cooling: 10x Research

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10x Research’s Markus Thielen says Bitcoin is moving in $18,000 blocks and predicts it could hit $122,000 by February.

Bitcoin could climb 15% from its current price within days but may then enter a phase of consolidation, says 10x Research head of research Markus Thielen.

Bitcoin “successfully retested its wedge breakout” after it bounced from $98,937 up above $107,000 on Jan. 21, Thielen said in a same-day market report.

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