BTC may reach $122,000 in February! 10x Research: Likely to enter consolidation after brief highlight

Benefiting from the 'new policy, new atmosphere' halo effect of Trump, BTC surged on Monday, breaking through $109,000, setting a new record. However, whether the momentum can continue after reaching a new high has also become a major question in the minds of many investors.

Cryptocurrency analysis agency 10x Research pointed out that BTC has recently shown a "stair-step upward trend" and "jumps by about $18,000 each time". If this trend continues, there is a possibility of another surge in the short term, even breaking through the $122,000 mark next month.

Markus Thielen, founder of 10x Research, pointed out in Tuesday's market report that BTC recently rebounded from $98,937 to above $107,000, successfully retesting the wedge breakout level.

He described that the technological breakthrough of BTC this time provides investors with a "low-risk, high-return" entry opportunity, and suggests setting the stop-loss point at $98,000 to control potential losses within the minimum range while maximizing profit potential.

According to CoinGecko data, as of the time of writing, the trading price of BTC is 104,856 US dollars.

Markus Thielen emphasizes that since the approval of the BTC spot ETF listing in the United States, the price trend of BTC has been clear, showing a regular pattern of 'rising by $16,000 to $18,000 each time'. If this pattern can continue, BTC is expected to challenge $122,000 in February this year, but may then enter a period of consolidation.

Markus Thielen also mentioned that if BTC can stably break through the technical resistance level of $106,000, it will further confirm the continuity of the upward trend and lay the foundation for larger price increases in the future.

He also stated that $122,000 may not be the end of this trend. 'If the current pattern continues, BTC may not only reach $122,000, but may even surpass higher prices, and then use $122,000 as the new support level for retesting'.

《BTC to hit $122,000 in February! 10x Research: Likely to enter consolidation after a brief highlight》This article was first published in "Blocklike".