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 <p class="is-style-lead">Matrixport’s track record includes successful predictions, with two out of six already realized, underscoring the anticipation surrounding their latest <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> of Bitcoin reaching $50,000.</p>
 <p>According to a Dec. 21 post on Lookonchain, Matrixport <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a>ed a surge in Bitcoin (BTC) to $50,000 by January, posing the question of its likelihood. According to the web3 data <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool, Matrixport’s history includes six BTC price predictions, with two already being accurate.</p>
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    <p lang="en" dir="ltr">Matrixport(@realMatrixport) predicted that Bitcoin will surge to $50K in January 2024.<br><br>Will this come true?#Matrixport made a total of 6 predictions for $BTC price, 2 of which have already come true.<br><br>On Dec 2, 2022, when the $BTC price was $17K, #Matrixport predicted that… pic.twitter.com/V8el6nnrNE</p>— Lookonchain (@lookonchain) December 21, 2023
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 <p>One December 2022 prediction came true when Bitcoin was valued at $17,000. Matrixport predicted a 2023 target of $29,000, followed by a modest bull market as BTC surpassed $29,000 on April 11.</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> SEC met multiple spot Bitcoin ETF applicants on Dec. 21
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 <p>As December concludes, Matrixport awaits the outcome of its prediction of Bitcoin surpassing $45,000. The broader <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> includes BTC reaching $50,000 in January 2024, $63,160 by May 2024, and $125,000 by the end of 2024.</p>
 <p>Given the recent trend in&nbsp;Bitcoin spot ETFs, where various potential issuers engaged in discussions with the United States Securities and Exchange Commission (SEC) on Dec. 21, anticipation of a $50,000 Bitcoin seems reasonable.</p>
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 <p>This inclusive dialogue, involving prominent entities like BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale, raises expectations for streamlined approvals of spot Bitcoin ETFs in January.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Argentina will accept Bitcoin for contractual agreements, new minister says
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/matrixport-forecasts-bitcoin-to-hit-50k-in-january-tbt74550.html">https://thebittimes.com/matrixport-forecasts-bitcoin-to-hit-50k-in-january-tbt74550.html</a></p>

Matrixport forecasts Bitcoin to hit $50k in January

TheBitTimes

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