According to the analysis made by the cryptocurrency company Matrixport, Bitcoin may continue its rise until the end of the year.
According to the report prepared by Matrixport, the performance of Bitcoin in the past years, A new rally will begin towards the end of the year It may indicate.
“If Bitcoin has gained at least 100% in value at this time of the year, then there is a greater than 71% chance that Bitcoin will gain more than 65% in value with a rally at the end of the year,” said Markus Thielen, the company’s research director. said.
Thielen pointed out that Bitcoin peaked throughout history, especially until December 18. six to seven weeks from early November to mid-December drew attention.
About this year $16,600 Bitcoin, which entered at the level of approx. With an increase of 112% It is trading at $35,366.
Thielen said, “Based on these statistics, Bitcoin still has the potential to move upwards and a rally that will add more than 65% in value by the end of the year will bring the price back.” for $56,000 “can carry.” said.
The chart above shows Bitcoin’s performance in the first ten months of the year and its last two months between 2010-2022.
Bitcoin was in the first ten months of the year in 7 of these 12 years. gained at least 100% value. In the same seven years, the average in the last two months of the year There was a 65% rally.
