{"id":20530,"date":"2025-01-22T12:24:13","date_gmt":"2025-01-22T10:24:13","guid":{"rendered":"https:\/\/forklog.com\/en\/10x-research-sets-bitcoin-target-for-february\/"},"modified":"2025-01-22T12:24:13","modified_gmt":"2025-01-22T10:24:13","slug":"10x-research-sets-bitcoin-target-for-february","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/10x-research-sets-bitcoin-target-for-february\/","title":{"rendered":"10x Research Sets Bitcoin Target for February"},"content":{"rendered":"<p>In February, the price of the leading cryptocurrency could reach $122,000 before &#8220;another consolidation.&#8221; This is according to a <a href=\"https:\/\/mail.10xresearch.co\/p\/short-term-bitcoin-outlook-our-target-revealed\">report by 10x Research<\/a>.<\/p>\n<p>The chances of the rally continuing remain: if the pattern holds, Bitcoin will resume its ascent after a pause, followed by a pullback to $122,000 to test the level as support.<\/p>\n<p>According to experts, this target is driven by the characteristic movement of digital gold prices in steps of $16,000-$18,000.<\/p>\n<p>On January 21, Bitcoin tested the breakout line of the wedge pattern at $98,937, rebounding to $107,000. In this area, an optimal entry point with low risk and high profit was formed, specialists noted.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1401.webp\" alt=\"1-1401\" class=\"wp-image-250123\"\/><figcaption class=\"wp-element-caption\">Data: 10x Research.<\/figcaption><\/figure>\n<p>The current breakout of $106,000 indicates the relevance of the scenario, 10x Research emphasized.<\/p>\n<p>Back in September, investor and Okse co-founder known as Elja highlighted signals of an &#8220;explosive move&#8221; into the<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-set-to-surge-to-150000-expert-predicts\"> $100,000-$150,000<\/a> range by the first quarter of 2025 due to the formation of a &#8220;cup and handle&#8221; pattern.<\/p>\n<p>In January, technical analyst Peter Brandt<a href=\"https:\/\/forklog.com\/en\/news\/peter-brandt-sets-a-2025-bitcoin-target\"> identified $120,000-$150,000<\/a> as a target for the leading cryptocurrency this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February, the price of the leading cryptocurrency could reach $122,000 before &#8220;another consolidation.&#8221; This is according to a report by 10x Research. The chances of the rally continuing remain: if the pattern holds, Bitcoin will resume its ascent after a pause, followed by a pullback to $122,000 to test the level as support. According [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1584,1146],"class_list":["post-20530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-10x","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20530"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20529"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}