On December 6th, 10x Research, a cryptocurrency research institution, announced that it will publish its bitcoin 2025 price target forecast next week. The institution said that the forecast will use its previous framework and model that successfully predicted several important nodes in the market. It is reported that 10x Research had accurately predicted the cycle low in October 2022, as well as the price target of $63,000 when bitcoin halved. In July 2023, the institution predicted that bitcoin would reach $125,000 by the end of 2024, a goal that now looks likely to be achieved. Meanwhile, its price forecast for the end of 2023 is only 3% different from the actual closing price.