Matrixport Confirmed the Forecast for Bitcoin Growth to $63,000 by April 2024

Digital gold will rise in price to $63,140 by April 2024 and to $125,000 by the end of the next calendar year. Such estimates were confirmed by Matrixport analysts.

The experts relied on the scenario for the continuation of the fifth bull market, taking into account “geopolitical, monetary and macroeconomic factors.”

According to their calculations, the 2014 bear market (-58%) was followed by three years of bull market, and the 2018 bear market (-72%) was again followed by positive dynamics over the next three years.

In anticipation of a repeat of the cyclical pattern after a 65% decline in 2022, analysts expect the price of the first cryptocurrency to rise in 2023–2025. At the same time, by the end of this year they predict a price increase of 123%.

See also  Bitcoin ETF Buzz: What Could Happen If the SEC Says Yes?