Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, explained where the “Fifth Bitcoin Bull” could take the price.
Matrixport analyst Markus Thielen, who often stands out with his predictions about the Bitcoin price 29 November In a report published today, fifth Bitcoin bull included possible price movements.
Benefiting from data from previous years, the company in 2014 bear market (-58%) Then there was a three-year bull market, 2018bear market in (-72%) followed by another three-year bull market and finally 2022 bear market (-65%) Then with some simple math bull for three years He stated that the market could be seen.
This is the beginning of the bull market June 22, 2023 Analysts consider the upward wave as until 2026 He predicted it could last.
on the other hand Bitcoin halving Matrixport, which conducts research on its effect on price, found that Bitcoin’s halving occurred in 2012. 186%in 2016 126% and in 2020 297% showed that it increased.
In each halving year, the price 200% While it is stated that the price of Bitcoin has increased accordingly, 2024 in the year 200% increasing 125 thousand dollars He emphasized that he could reach the level of The company clearly states that Bitcoin will arrive in April 2024. $63,140 and by the end of 2024 $125,000 He stated that it could be.