Rebranding:
BREAKING: As we have reached 10,000 subscribers, DeFi Research / DeFi On Target is rebranding into โ10x Researchโ - a professional crypto research service.
This email group will still receive valuable and timely updates about our views, and we will also offer a research service targeted at traders, hedge funds, asset and wealth managers, etc. Crypto for Professionals will include weekly reports, timely trading signal analytics, flash updates, etc.
Some of our analysis:
๐ 1)ย Oct โ22: Bitcoin Rally to $63K Ahead of Next Mining Halving
๐ 2)ย Feb โ23: Bitcoin Price Could Reach $45K by Christmas
๐ 3)ย Mar โ23: Bitcoin Is Benefiting From Cryptoโs Flight to Quality
๐ 4)ย Jul โ23: Bitcoin Could Rally to $125K by End-2024
๐ 5)ย Sep โ23: Bitcoin Miners Could be the Ultimate Bet for 2024
๐ 6)ย Nov โ23: Bitcoin Could Reach $45K by Year-End
Some brief points:
๐ 1)ย During Bitcoin's halving years, we have seen rallies of +186% (2012), +126% (2016), and +297% (2020).
๐ 2)ย 2014 down, followed by three up, 2018 down, followed by three up, 2022 downโฆ
๐ 3)ย Each of the four crypto bull markets (2011, 2013, 2017, and 2021) was associated with a novel way to acquire Bitcoins. A Bitcoin Spot ETF fits this pattern.
๐ 4)ย On average, Bitcoin has returned +12% over the last eight years during December.
๐ 5)ย Four factors drive the Bitcoin price at this point: 1) expectations that the SEC would approve a spot Bitcoin ETF, 2) increased demand for leveraged positions, 3) fiat inflows through stablecoins, and 4) improved fee generation through the Bitcoin network.
๐ 6)ย From the time the Bitcoin Futures launch was announced until they started trading, Bitcoin prices increased by +180% in less than two months.
๐ 7)ย In 2018, the Fed hiked interest rates aggressively, and when they paused in January 2019, Bitcoin prices exploded by 300%.