Bitcoin And cryptocurrency crypto platform known for its analyzes and predictions about the market matrixportA new report came from .
Recently BTC Matrixport, which estimated $56,000 for the company, gave details in its report that will please investors.
At this point fifth Pointing out that the Bitcoin bull market officially started on June 22, 2023, Matrixport said that each bull cycle is triggered and characterized by different events.
Matrixport stated that the fifth bull market has begun, stating that this bull market appears to be primarily driven by corporate adoption expectations.
“The fifth Bitcoin bull market officially began on June 22, 2023, when Bitcoin reached a new yearly high for the first time in a year.
Historically, Bitcoin has returned +310% on average when this signal is triggered.
Based on this signal, we predict that Bitcoin could reach $125,000 by December 2024.
The optimal entry point for purchasing Bitcoin was ideally 14-16 months before the next halving event.
Therefore, the end of October 2022 was a perfect entry time with BTC sitting at just $17,000.”
BTC At the time of writing, it continues to be traded at $ 34,303.
*This is not investment advice.
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