10x Research: Bitcoin’s year-end price prediction of 192,000 USD is unrealistically high; long positions on BTC in Q4 will be challenging for profitability

On September 10, Markus Thielen, head of research at 10x Research, indicated that Bitcoin trading strategies need to adapt significantly for Q4 2019. He criticized the over-reliance on leverage and noted that the changing macroeconomic factors could impact profitability.

Thielen pointed out that the forecast of 192,000 USD for Bitcoin is not grounded in current market conditions. He stressed that while Bitcoin has traditionally done well in Q4, investors need to develop smarter strategies to succeed in this new trading landscape.