PANews reported on December 6 that cryptocurrency research firm 10x Research announced that it will release its 2025 price target forecast for Bitcoin next week. The agency said that the forecast will use its previous framework and model that successfully predicted multiple important market nodes. It is reported that 10x Research had accurately predicted the cycle low in October 2022 and the price target of $63,000 when Bitcoin halved. In July 2023, the agency predicted that Bitcoin would reach $125,000 by the end of 2024, a goal that now seems achievable. At the same time, its price forecast for the end of 2023 is only 3% different from the actual closing price.