Bitcoin

April

Bold

Jihan Wu, one of the founders of Bitmain, heads the crypto investment management company Matrixport, whose research division Matrixport Research has reiterated its <a href="https://en.coin-turk.com/a-famous-investor-urges-to-invest-in-bitcoin-gold-silver-and-cash-amid-concerns-over-the-fednow-service/" data-wpel-link="internal">Bitcoin</a> (BTC) forecast. Matrixport Research expects the largest cryptocurrency to reach $63,000 by April 2024 and $125,000 by the end of 2024. 
<h2 style="text-align: justify;" id="strong-matrixport-stands-firm-behind-its-bitcoin-forecast-strong">Matrixport Stands Firm Behind Its Bitcoin Forecast</h2> 
Matrixport Research has reiterated its remarkable Bitcoin predictions in light of expectations that the current bull market will continue. The company anticipates Bitcoin hitting $63,140 by April 2024 and reaching $125,000 by the end of that year. 
<img decoding="async" class="aligncenter size-full wp-image-283267" src="https://coin-turk.com/wp-content/uploads/2023/12/Bitcoin-BTC-Fiyat-Tahmin.jpeg" alt="" width="1280" height="720"> 
As is well known, the crypto investment management company made a bold claim and announced that the fifth Bitcoin bull market officially began on June 22, 2023. At that time, the price of BTC was around $30,000. 
With current prices, the rise to the first target level of $63,000 that Matrixport Research expects by April 2024 would mean an increase of about 65% in price. The rise to the second target level of $125,000 corresponds to an approximately 230% increase, which is particularly noteworthy. 
<h2 style="text-align: justify;" id="strong-current-state-of-bitcoin-price-strong">Current State of Bitcoin Price</h2> 
According to current data, BTC’s price has increased by over 1.5% in the last 24 hours to above $38,000, trading at $38,251. Data indicates that the largest cryptocurrency by market value, at $747.9 billion, has seen its price increase by 1.98% over the last 7 days and by 11.01% over the last 30 days. 
Furthermore, it is observed that the crypto king’s trading volume has decreased by 4.95% in the last 24 hours, not accompanying the increase in price. Bitcoin’s trading volume stands at $19.71 billion as of the writing of this article. This situation leads to speculation that the recent price increase could be a ‘bull trap,’ where the price makes a convincing rise only to reverse and break below a previous support level. This trap catches traders or investors who respond to buy signals, leading to significant losses in long positions. Continue Reading: <a href="https://en.coin-turk.com/matrixports-bold-bitcoin-prediction-125k-by-end-of-2024/" data-wpel-link="internal">https://en.coin-turk.com/matrixports-bold-bitcoin-prediction-125k-by-end-of-2024/</a>

Matrixport’s Bold Bitcoin Prediction: $125K by End of 2024

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