Matrixport, the crypto company of famous Chinese billionaire Jihan Wu, reiterated its target that Bitcoin (BTC) will reach the level of $ 45,000 by the end of the year.
Markus Thielen, head of research at Matrixport, said in a recent post on LinkedIn, that Bitcoin will last until the end of the year. that it can reach the level of 45 thousand dollars While stating, he explained the reasons behind this thought.
USA at the beginning of February CPI/FOMC Sharing a roadmap based on data, Thielen stated that the parameter in question has worked well so far and they have been trading in this direction. Bitcoin first 22 thousand dollars at the level 45 thousand dollars The researcher, who set a goal, added that this goal now seems quite achievable.
In line with the January effect, Bitcoin could end the year around $45,000, and while this price target seemed optimistic at the time (prices were at $22,000), it now seems quite achievable. We suggested using the predictable path as a roadmap and selling when prices are above this ‘fair value’ level or buying when below.
Thielen, in question CPI/FOMC While stating that they sell at the level of 30 thousand dollars according to the index and recommend this to their customers, considering the fair value, Bitcoin It may experience a pullback up to $25,000. suggested. However, in case this price level does not come, from $27,500 purchase He said it might make sense to do it.
Thielen’s analysis chart According to consumer price index and interest data is taking shape. According to the metric, the next FOMC meeting will take place 3 May BTC on $27,613 expected to be.
Finally, the researcher, speaking for the $ 28 thousand level of Bitcoin, said that these prices neither extremely low nor overvalued levels while stating that fear and greed index He also reminded that he is in a more neutral position compared to previous weeks.
% in the last 24 hours according to CoinGecko data5.5 gaining value Bitcoin, at the time of writing at $28,830 is being traded.