10x Research: Bitcoin has a 60% chance of continuing to pump in the next two months, possibly reaching $133,000 in September.

PANews, July 10, reported that according to the Bitcoin trend model from 10x Research, there is a 60% chance that Bitcoin will continue to pump in the next two months, potentially reaching $133,000 in September. Markus Thielen, the head of the institution, stated that many encryption investors may have underestimated Bitcoin's potential rise, especially after the expiration of options last month led to a significant reduction in exposure. Currently, traders are mainly purchasing call options, indicating they are unprepared for further rises. Thielen pointed out that the Bitcoin trend model turned bullish on June 29, and the recent breakout may extend into September. He expects a rise of 20% from the current price level of Bitcoin, which is about $111,000, entering a higher trading range. Factors driving the rise include the upcoming release of the U.S. Consumer Price Index (CPI) and a positive policy environment. In addition, the U.S. spot Bitcoin ETF recorded an inflow of $215.7 million on Wednesday. Although historical data shows that the third quarter is usually the weakest quarter for Bitcoin, Thielen believes the current market may be different. He emphasized that off-market traders may miss key market movements this quarter.