“Game On” for New Bitcoin High: 10x Research Highlights Q4 Rally Catalysts
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
Markus Thielen, Head of Research at 10x Research, expressed a bullish outlook for the Bitcoin price, predicting that the cryptocurrency is “set to smash new all-time highs in Q4 2024.”
In a September 22 10x Research report, Thielen highlighted an exciting phase for the cryptocurrency market from October to March, marking it as a potential inflection point for Bitcoin and other cryptocurrencies.
He noted improvements in the market structure, which could establish a solid foundation for a bullish trajectory.
The rising supply of stablecoins indicates heightened liquidity, which can enhance trading activity—often a precursor to significant price rallies.
Meanwhile, Elevated leverage levels in futures trading reflect a more speculative environment among traders, potentially driving prices upward. According to Coinglass data, open interest has surged to levels unseen since early August, topping $17.6 billion.
Additionally, the release of $16 billion from FTX creditors between December 2024 and March 2025 is expected to bring more capital into the market. Thielen estimates that between $5 billion and $8 billion could re-enter the crypto space, further propelling Bitcoin’s ascent.
As we enter Q4, past suppressants to the Bitcoin price are being lifted, contributing to a more favorable environment ripe for potential growth
One of the main catalysts for Bitcoin’s recent rally is the Federal Reserve’s decision to cut interest rates by 50 basis points. This move has shifted toward “risk-on” assets as investors seek opportunities amid a weakened U.S. dollar,
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