Markus Thielen, an analyst at Matrixport, a crypto services provider with billions of dollars in assets, believes that Bitcoin (BTC) could hit $63,000 in the next 15 months.
Bitcoin is in the next halving, according to Matrixport analyst Markus Thielen $63,000 level can rise.
next halving 15 months before This comment suggests that Bitcoin is currently at a bottom and will slowly start to recover.
The positive prediction made by the analyst is that Bitcoin July 2016 and April 2020 It is based on the assumption that it will repeat the bullish movement seen until its halvings.
Looking at history, Bitcoin started its upward movements 15 months before both halvings and was trading at a more valuable price in the halving month than in previous years. According to this analyst’s point of view, if history is to repeat itself, Bitcoin can start an upward journey from next month and to March 2024 until 63,160 can reach dollars.
The analyst gave the following statements as the reason for his estimation:
Prices started to rise 15 months before the next halving (November 2022), and they are 39% more valuable than the price they were traded 24 months ago. This means that Bitcoin could be priced at $63,160 in the next 15 months.
Although past performance is no guarantee of future results, Bitcoin is likely to react positively if the global financial crisis improves in the coming months.