Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, made a short-medium-long-term price prediction for Bitcoin (BTC).
In a research report published by Matrixport, based on data from the start of the past bull market, Bitcoin short-medium-long term made a price prediction. In the report, Bitcoin’s next 18-month period 310% by gaining value will reach $125,000. expressed.
The report also states that the Bitcoin price June 2022 highest level since 31 thousand dollar level exceed over bear of the market ended specified. In this context, Bitcoin similar scenarios took place 2012, 2015, 2019 And 2020 occurring in the similar to rallies One to value appreciation He was expected to leave.
In the report, 2015, 2019 And in 2020 of the rallies to the average return According to Bitcoin June 22 since 10% at 1 month, 23% at 3 months, 105% at 6 months, 123% at 12 months And 310% at 18 months While the price targets are predicted to increase in value, respectively, $33,842, $37,882, $63,063, $113,841 And $125,731 levels it happened.
Matrixport Research Head Markus Thielen In his comments on the subject, he used the following statements:
On June 22, 2023, Bitcoin hit a new annual high for the first time in a year. This signal has signaled the end of bear markets and the beginning of new cryptocurrency markets in the past.
Thielen also uses the average return. 2012 bull market that started in not included because the returns in this rally exaggerated stated that.
Coinecko according to data 30 days in 22% appreciated bitcoin, end 24 hours in 1.5% as of writing by experiencing the rise $31,128 traded at the level.