Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, was right in its Bitcoin (BTC) prediction at the beginning of this year.
Head of research at Matrixport Markus thielenAt the beginning of this year, Bitcoin price was not yet 22 thousand dollars for the end of 2023 while at the level $45 thousand price estimate He had given it. Bitcoin On December 6, to $44,500 and with more than 20 days left in the year, it looks like Thielen was right.
In the statement made recently by the company, Bitcoin is the source of the upward trend we are in. in 2024 It was stated that it would take it to higher levels. According to the current report, Matrixport predicts that Bitcoin will arrive in April 2024. $63,140 and by the end of 2024 $125,000 predicts that it might happen.
Making a statement on the subject, the experienced name said that the rise of Bitcoin 2023 throughout the year 5 stage He stated that it was progressing accordingly. These stages include the US-based banking crisis, US Federal Reserve (FED) interest decisions, BlackRock Spotlight Bitcoin ETF application included important events such as:
The 2023 Bitcoin rally unfolded in five phases: it started with a reaction to inflation trends, followed by a banking crisis reaction, a boost due to BlackRock’s ETF filing, a boost from Fed policy changes, and finally, developments in SEC regulations regarding Bitcoin ETFs. Bitcoin does not move randomly. A mix of mass psychology and macro factors are the key drivers. Considerations regarding liquidity and market structure help understand shorter-term movements.
According to CoinGecko data, in the last 24 hours 1.1% Bitcoin, which is on the rise, at the time of writing from $43,770 is being traded.