Bitcoin Will Reach All-Time Highs by the End of the Week: 10x Head of Research

Bitcoin will reach a new all-time high by the end of the week, according to Markus Thielen, head of research at 10x. "The price action over the weekend was always worth watching, and while attempts have been made to liquidate leveraged long positions, there have been no sellers," he said in a report titled "Bitcoin Price Action Surprised Everyone This Week." Among other bullish signs, Thielen noted that bitcoin holdings on exchanges have dropped by a whopping 63,000 in the past 30 days. Coinbase balances alone have fallen from 400,000 to 372,000 in just one month, he said.