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Why Bitcoin’s $106,000 Surge Is Just the Beginning — Our Next Target Revealed

Actionable Market Insights

Author

10x Research
May 12, 2025

We turned bullish on Bitcoin back on April 12/13, right when it broke above the $84,500 trend line — and it’s been a relentless climb ever since. Our strategy to go long on call spreads has paid off, with Bitcoin now reaching $106,000. But the real question is: could this be the start?

Our next target of XXX is within sight, driven by a perfect storm of macroeconomic factors, including easing inflation fears and a market fueled by spot buying. Here’s why this rally may be far from over.

An increasing number of exchanges are now offering options trading, with Bybit being a notable example (here). Options trading has become a crucial tool for generating returns, especially when market conditions are uncertain or when cheap optionality offers outsized returns.

Bitcoin has reached our $106,000 - What now?

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