Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, gave a price target of $ 37 thousand for the end of the year, while expecting a rise in Bitcoin (BTC) in October.
by Matrixport 20 September In a report published on Wednesday, he included Bitcoin’s historical performance in October. The company said that the fourth quarters, especially October, were for Bitcoin. largely positive He stated that he passed.
The report found that the Bitcoin price was historically very strong in the last quarter and average Over 35% return It was emphasized that it provides 7 out of 9 years are clearly positive closed and average 20% increase place was given.
Using this data from the past, the report predicts that Bitcoin will be affected if history repeats itself. of 2023 till the end $37,000He underlined that he could reach . Matrixport Research Manager Markus Thielendrew attention by directly stating the following:
If history is a guide, Bitcoin could reach $37,000 by the end of the year.
On the other hand, according to the technical analysis prepared by Matrixport, Bitcoin has recently break signal It was stated that he gave According to the data, the last time such a signal came, Bitcoin quickly 9% had risen.
However, the US Securities and Exchange Commission (SEC) spot Bitcoin ETF The report stated that the decision on the applications could be made in October and that this situation would be a serious catalyst, and also took into account the possibility of postponing the decision.
Matrixport set the target price for the end of the year in its previous short-medium-long term price prediction for Bitcoin. at $63,000 He had given it.
According to CoinGecko data, in the last 24 hours 0.1% rising Bitcoin, at the time of writing from $27,153 is being traded.