10X Research said in a post on the X platform that the new bitcoin trading signal aims to reach $120,000 before Trump's inauguration in January. 1. Bitcoin's rally has resumed after a brief consolidation. As we highlighted last Friday, cryptocurrency exchanges are experiencing massive outflows of funds, significantly reducing the availability of Bitcoin on trading platforms. At the same time, inventories over the counter platforms are also decreasing. Together, these factors suggest that the price of Bitcoin is likely to be squeezed. 2. In addition, a new Bitcoin trading signal was received, which deserves serious consideration based on the accuracy of our trading model (10 out of 12 were successful). The signal suggests that Bitcoin could skyrocket to $120,000 by the time Trump takes office on January 20, 2025. 3. Although the three catalysts identified for December - MicroStrategy's inclusion in the Standard & Poor's 500 index (with a 50% probability), Microsoft's proposal to classify Bitcoin as a treasury asset (with a 10% probability), and the U.S. Financial Accounting Standards Board's accounting rules for fair value reporting of crypto assets (with a 100% probability) - have emerged, their full impact has yet to materialize. 4. It is worth noting that microstrategies are not included in the Standard & Poor's 500 index, but in the Nasdaq 100 index, which may drive up buying activity this week. In addition, the company may issue more convertible bonds to expand its bitcoin holdings, which makes it highly likely that bitcoin will break out this week.