Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon

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You can also read this news on COINTURK NEWS: Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon Markus Thielen, founder of 10x Research, forecasts that Bitcoin’s price will exceed $70,000...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-29 00:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66f8313e9555e0728b491497/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You can also read this news on COINTURK NEWS: Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon\nMarkus Thielen, founder of 10x Research, forecasts that Bitcoin’s price will exceed $70,000...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66f8313e9555e0728b491497/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66f8313e9555e0728b491497/","article_id":"2471021630","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/e0b19d9f8ee4424c8988b2cbc7bd427f.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2471021630","pubTimestamp":1727541563,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"You can also read this news on COINTURK NEWS: Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon. Markus Thielen, founder of 10x Research, forecasts that Bitcoin’s price will exceed $70,000 within the next two weeks and reach a new all-time high of over $73,000 by the end of October. He identifies factors supporting this cryptocurrency rally, including increased stablecoin liquidity and recent monetary policy easing in China.Thielen emphasizes that Bitcoin’s recent surge above $65,000 signals an exit from a downturn, and he predicts the upward momentum will continue. His charts suggest that Bitcoin’s price could rise as high as $75,000.Thielen discusses China’s historical role in Bitcoin mining and how recent incentive measures could bolster the Bitcoin price rally. Mining pools, which contributed 55% of the Bitcoin exported from China, previously held a 90% trading share in 2014.Thielen notes a recent weakening in Bitcoin’s market dominance. The Federal Reserve’s rate cuts","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4594":"比特币ETF概念","COIN":"Coinbase Global, Inc.","BK4585":"ETF&股票定投概念"},"translate_title":"Markus Thielen预测比特币价格很快将超过70,000美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.8},"content_text":"You can also read this news on COINTURK NEWS: Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon\nMarkus Thielen, founder of 10x Research, forecasts that Bitcoin’s price will exceed $70,000 within the next two weeks and reach a new all-time high of over $73,000 by the end of October. He identifies factors supporting this cryptocurrency rally, including increased stablecoin liquidity and recent monetary policy easing in China.\nBitcoin Price Forecasts and Trends\nThielen emphasizes that Bitcoin’s recent surge above $65,000 signals an exit from a downturn, and he predicts the upward momentum will continue. His charts suggest that Bitcoin’s price could rise as high as $75,000.\nChina’s Contribution to BTC Rally\nThielen discusses China’s historical role in Bitcoin mining and how recent incentive measures could bolster the Bitcoin price rally. Mining pools, which contributed 55% of the Bitcoin exported from China, previously held a 90% trading share in 2014.\nThreats to Bitcoin’s Dominance\nThielen notes a recent weakening in Bitcoin’s market dominance. The Federal Reserve’s rate cuts have led to increased Ethereum gas fees, posing a potential threat to Bitcoin’s dominance.\n\nMarkus Thielen stated, “China’s $278 billion stimulus plan could trigger a parabolic rally for BTC and other cryptocurrencies.”\n\nHe predicts that if the Federal Reserve remains open to interest rate cuts by the end of the year, this trend could continue. Currently, Bitcoin trades around $65,500, and stablecoin minting has significantly increased since July, with Circle contributing 40% to recent liquidity inflows.\nThielen also adds that if Donald Trump is re-elected, pressure on the Federal Reserve to lower interest rates could extend the Bitcoin rally into the first half of 2025, potentially creating a favorable environment for Bitcoin and other cryptocurrencies due to increased global liquidity.\nThe post Markus Thielen Predicts Bitcoin Prices to Surpass $70,000 Soon appeared first on COINTURK NEWS.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2471021630"}