PANews reported on July 10 that according to 10x Research's Bitcoin trend model, there is a 60% probability that Bitcoin will continue to rise in the next two months, and may reach $133,000 in September. Markus Thielen, head of the agency, said that many crypto investors may underestimate the potential rise of Bitcoin, especially after the expiration of options last month led to a large reduction in exposure. Traders are currently mainly buying call options, indicating that they are not prepared for further increases.

Thielen pointed out that the Bitcoin trend model has turned bullish since June 29, and the recent breakthrough may continue until September. He expects Bitcoin to rise 20% from its current price of about $111,000 and enter a higher trading range. Factors driving the rise include the upcoming release of the U.S. Consumer Price Index (CPI) and a positive policy environment. In addition, the U.S. spot Bitcoin ETF recorded $215.7 million in inflows on Wednesday.

Although historical data shows that the third quarter is usually the weakest quarter for Bitcoin, Thielen believes that the current market may be different. He emphasized that traders who wait on the sidelines may miss out on key trends this quarter.