Bitcoin, Forecast of 133,000 Dollars by September…“Exceptional Trend in This Cycle”

Bitcoin surpassed 110,000 dollars and set a new all-time high, with projections suggesting it could rise up to 133,000 dollars by September. According to Cointelegraph, analyst Markus Thielen of the cryptocurrency research firm 10xResearch diagnosed that the buying power is concentrating on BTC call options after the June options expiration, stating that Bitcoin is still undervalued.

Thielen analyzed, “The Bitcoin trend model detected a bullish reversal signal on June 29, and given the average 20% increase rate in similar past patterns, there is potential to rise up to 133,000 dollars based on the current price.”

Although the third quarter is generally known as a period with low seasonal returns for Bitcoin, he added that this cycle may show different trends compared to the past. If the short-term rally continues, there is growing anticipation that additional capital inflow into the BTC market could become full-scale within the year.