Rising to the $38,000 mark yesterday Bitcoin It dropped sharply to $35,600.
After some recovery BTC While it was at the level of 36,460 dollars at the time of writing, it attracted attention with its analysis. matrixport, He shared his predictions about what might happen in the cryptocurrency industry in 2024.
Accordingly, while investors and some analysts expect the spot Bitcoin ETF to be approved by the end of 2023. Matrixport analysts think the spot Bitcoin ETF will be approved in January.
Apart from Bitcoin ETFs, it is seen as a bullish catalyst for BTC and cryptocurrencies. FED’s interest rate cuts will begin in June 2024.
matrixport “2024 Revealed: Six Micro and Macro Events That Will Shape Bitcoin” In his report titled, he stated that the following events would occur:
“In the first half of 2024, the crypto industry will experience five micro events and one macro event that could positively impact the industry and potentially increase the price of Bitcoin.
-Spot Bitcoin ETF will be approved in January, we expect trading to begin in February or March.
– Circle may be listed on the stock exchange in April.
-FTX2.0 will be relaunched in May. We anticipate FTX to be operational in May or June 2024. We expect FTX to regain its position among the top 3 exchanges within twelve months.
-Bitcoin halving will happen.
– Ethereum 4844 upgrade will be completed in Q1 2024.
– FED will cut interest rates in June 2024.”
Drawing attention to the inflation data to be announced next week, Matrixport analysts say that if the inflation data is low, there may be another rise in Bitcoin next week.
BTCAnalysts state that they expect it to try to break out of the $34,000 – $35,000 range. “A break above $36,000 could push Bitcoin towards our next technical resistance level at $40,000, with BTC potentially reaching $45,000 by the end of 2023.” said.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!