An analyst at 10x Research predicted an increase in the Bitcoin rate to $70 thousand.

Markus Thielen from 10x Research predicted the Bitcoin rate to rise to $70 thousand by the end of 2024. The analyst believes that the growth of the rate will be facilitated by the macroeconomic environment, monetary policy and investments of participants in the traditional financial sector in Bitcoin ETFs.

The 10x Research analyst also noted the coincidence of US presidential election cycles with Bitcoin halving years, which have historically contributed to price increases. In his previous forecast, the analyst allowed the Bitcoin rate to rise above $52 thousand by April.