Bitcoin Could Climb 15% Within Days, Says 10x Research Head of Research

According to Markus Thielen, head of research at 10x Research, Bitcoin could see a 15% increase in price in the coming days, followed by a consolidation phase. Thielen believes that Bitcoin's recent breakout signals a "low-risk, high-reward entry opportunity" for traders. He also notes that Bitcoin has a pattern of jumping up in increments of $16,000 to $18,000 since the approval of spot Bitcoin exchange-traded funds in the US a year ago, which could lead to a potential rally reaching $122,000 by February. However, Thielen emphasizes that every investment and trading move involves risk and readers should conduct their own research before making a decision.