#btc $BTC #BTCUSDT Analysts predict Bitcoin could reach 45,000 USD by the end of 2023

According to Markus Thielen, head of research at Matrixport and founder of analytics portal DeFi Research, demand for the price staking market is growing, especially attracting market makers. , which could drive significant growth for BITCOIN.

The researcher noted: "We have two huge options expiring on November 24 and December 29 with open interest of $3.7 billion and $5.4 billion. High number of call options 85% more than puts, with 40,000 open contracts. The closer we get to $40,000, the more people will have to buy BITCOIN to hedge.”

Accordingly, the inflation rate has shown signs of slowing down clearly in recent months, compared to a peak of 9.1% in June last year. According to UBS, slowing inflation means the Fed could halve its benchmark interest rate to 2.75% from the current range of 5.25% - 5.5%.

"The US CPI is currently at 3.2% while interest rates are at 5.25% - a difference of 2.0%. With the current inflation cycle, this difference would be even 3.0 % - so we can expect a cut of 200 basis points. This is an optimistic sign" - Thielen said.

Finally, recent ETF spot optimism from Wall Street financial firms could be a catalyst for further gains in BITCOIN. According to Bloomberg researchers, there is a 90% chance that the SEC will approve 1 or more spot ETFs before January 10.

#btc #bitcoin