Bitcoin To Potentially Climb To $125,000 By End Of 2024, Predicts Cryptocurrency Services Provider
Portfolio Pulse from Murtuza Merchant
Cryptocurrency services provider Matrixport predicts that Bitcoin (BTC) could reach a value of $125,000 by the end of 2024. This prediction is based on historical data indicating that a prolonged bullish trend typically follows the end of a bear market. The next halving of the mining reward, which often triggers an upward trend, is expected to occur in March/April 2024.
July 06, 2023 | 2:38 pm
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Matrixport's prediction of Bitcoin reaching $125,000 by the end of 2024 could potentially drive bullish sentiment among investors, leading to a short-term increase in Bitcoin's price.
Matrixport's prediction is based on historical data and the upcoming halving of the mining reward, both of which have previously led to significant increases in Bitcoin's price. If investors believe in this prediction, they may buy more Bitcoin, driving up its price in the short term.
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