10x Research: The rise in Bitcoin prices aligns with the forecast for October 2023

According to 10x Research on X, our cyclical analysis of Bitcoin has proven its accuracy over the past two years since October 2023. Despite some predictions being controversial at the time, these analyses have been widely reported by major cryptocurrency media. During the bear market in 2022, Bitcoin traded at $20,635. We made a bold prediction on October 28th, 2022 that Bitcoin would start to rise in November 2022 and predicted a mid-price target of $63,140 for halving in 2024. The actual halving price was $63,491 which is only a deviation of 0.5% from our prediction over this period of fifteen months. By June 22nd, 2023 Bitcoin reached a new annual high point. According to our analysis released in early July it marked the end of the bear market in 2022 and beginning of a new bull market. Our quantitative model predicts that within next twelve months prices will reach $68,539 and as per today's date November , trading price for bitcoin is approximately around $68k . Although this forecast seemed overly optimistic on July6th ,our cycle analysis was extremely accurate successfully predicting bottoming out during bearish phase and outlining potential trajectory before and after halving.