10x Research: Bitcoin's sudden surge will kick off within a few days, reaching 52,000 by mid-March.

10x Research indicates that despite the intense focus on the Bitcoin halving scheduled for April 22, there is an immediate catalyst set to drive Bitcoin prices higher in the coming days, not weeks. Contrary to popular belief, this sudden surge is not related to the anticipated halving event, but rather to a significant yet undisclosed event that promises to shake the foundations of the market.

Disclaimer: This is the personal opinion of an analyst, not investment advice, for reference only.

Lunar New Year Presents a Good Opportunity

The historical arrival of the Lunar New Year has historically signaled a bullish phase for Bitcoin. Buying three days before the holiday and selling ten days after has yielded an average return of +11%. This pattern has remained consistent over the past nine years, suggesting a potential price increase for Bitcoin and boosting optimism surrounding cryptocurrency.

10X Research: The Winning Formula for Bitcoin during Chinese New Year, with a success rate of 90% and returns as high as 10%

Bullish Bitcoin Predictions

10X Research indicates a bullish outlook for Bitcoin as all three reversal indicators are in the green. They maintain a positive stance on Bitcoin, with a promising entry point established at a Bitcoin trading price of $40,100. Their target is a climb to $52,000 in mid to late March, based on their Elliott Wave analysis. Breaking through $43,839 will further confirm this prediction, marking the potential start of a profitable upward trend towards $48,000 or even higher.