10x Research noted in its market analysis that Bitcoin's rally resumed after a brief consolidation. Cryptocurrency exchanges are experiencing massive outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventory is also insufficient. These factors together indicate that Bitcoin prices may be boosted. In addition, according to its trading model indicators, it is predicted that Bitcoin may rise to $120,000 by the time of Trump's inauguration on January 20, 2025.
It is worth noting that MicroStrategy is not included in the S&P 500 index, but in the Nasdaq 100 index, which may drive increased buying activity this week. In addition, the company may issue more convertible bonds to expand its Bitcoin holdings, which makes it highly likely that Bitcoin will rise sharply this week.