The crypto service provider Matrixport predicts that Bitcoin will reach $ 125,000 by the end of 2024
The crypto service provider Matrixport predicts that Bitcoin will reach $ 125,000 by the end of 2024
The central theses
-
Matrixport assumes that Bitcoin could increase to $ 125,000 by the end of next year.
-
The crypto service provider points out that Bitcoin has already reached its low point after it rose to the $ 31,000 mark last month.
Bitcoin could reach $ 125,000 $ 125,000 by the end of next year
Bitcoin, the worldwide leading cryptocurrency after market capitalization, has increased by more than 50 % since the beginning of the year. However, some market experts believe that Bitcoin could continue to rise in the next 12 to 18 months.
The crypto service provider Matrixport assumes that Bitcoin could increase up to $ 125,000 by the end of 2024.
The forecast of Matrixport is based on his data, which refer to a bull market that will be multi -month, which will lead to a massive increase in the market value of Bitcoin and other leading cryptocurrencies.
According to the Matrixport, reaching the $ 31,000 mark for Bitcoin meant the end of the bear market.
This explained Markus Thielen, Head of Research and Strategy at Matrixport, in conversation with Coindesk
"on June 22, 2023, Bitcoin reached a new one-year high for the first time in a year. This signal has shown the end of the bear markets and the start of new crypto bull markets in the past. If you can orientate yourself on the history, the Bitcoin prices could be based by +123 % in twelve months and in eighteen months On the average return of the signals triggered in 2015, 2019 and 2020.
Thielen described the signal from 2012 and the subsequent price increase of 5,285 % in 2013 as an unusual bull market. Bitcoin has increased by more than 50 % since the beginning of the year. It started the year with a trading price of around $ 15,000 price of Bitcoin now at $ 31,192 per coin. The forecast of Matriport is collapsed with the fourth halving. The next halving provides a reduction in the new coins paid per block from 6.5 BTC to 3.25 BTC and will take place in March/April 2024. Bitcoin has increased by 50 % since the beginning of the year
Source: Coinlist.me
Kommentare (0)