Bitcoin price forecast in April and until the end of the year.
Matrixport analysts have published a new report in which they confirmed their own forecast for the growth of Bitcoin (BTC) in the coming years. According to experts, by April 2024 the price of the first cryptocurrency could rise to $63,140, and by the end of 2024 - to $125 thousand.
According to the report, the potential bull market in the cryptocurrency market is confirmed by the history of past cycles. Analysts write that after the 2014 bear market, when the price of Bitcoin fell by 58%, a three-year upward trend began. The same thing happened after the downward price movement throughout 2018, when the price of the first cryptocurrency fell by 72%. In 2022, the price of Bitcoin fell by 65%, and 2023 is the first of a three-year bull cycle.
In addition, experts point out that during the halving years, the BTC rate has historically always shown positive dynamics. Thus, in 2012, the price of Bitcoin increased by 186%, in 2016 - by 126%, and in 2020 - by 297%.
Analysts also note the macroeconomic situation in the world that is positive for the growth of the price of the first cryptocurrency. In their opinion, a decrease in inflation will lead to the fact that the US Federal Reserve will begin to reduce the key rate, which, together with geopolitical events, may help Bitcoin update its historical maximum price in 2024.
October, Matrixport published an analytical report in which it announced the beginning of a new bull cycle in the digital asset market and predicted the growth of Bitcoin to $125 thousand by the end of 2024. A few days before, the company’s analysts also wrote about the growing FOMO effect (from the English Fear of Missing Out, fear of missing out) .
My opinion is that Bitcoin will break through the $125k mark and begin to decline for 4 years, but after the Bitcoin halvig and the second wave, the rush to buy Bitcoin is not too late.
