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#BitcoinKeyZone Matrixport Shares Bullish $160K Target For BTC, Here’s Why In a recent analysis, Matrixport has shared a bullish forecast for BTC, predicting the crypto to hit $160K by 2025 citing several positive market trends. In a bold forecast, leading on-chain analytics firm Matrixport said that BTC is poised to hit $160K in the coming days. Notably, this comes as Bitcoin as well as the broader crypto market noted a volatile trading lately. On the other hand, the bullish forecast also allayed some concerns, especially after the hotter-than-anticipated US PPI inflation figures have weighed on the investors’ sentiment recently. Bitcoin News: Matrixport Predicts BTC to Hit $160K In recent Bitcoin news, Matrixport has shared a bullish forecast for BTC, sparking market optimism. Notably, the firm noted that the flagship crypto is poised to hit $160K by next year, citing a flurry of positive trends in the market. Notably, the report has highlighted the growing institutional interest, anticipation over pro-crypto regulation in the US, and other factors, that could support the rally. Besides, the report also recommended allocating 1.55% of a portfolio to BTC for “diversification while maintaining portfolio stability.” Besides, the report said that the robust inflow into US Spot Bitcoin ETF, the favorable macroeconomic environment, and the expanding global liquidity pool boost the price. For context, the US Spot Bitcoin ETF has continued to record inflow for the 12th consecutive day through December 12. On Thursday, December 12, the investment instrument recorded an influx of $597.5 million, with BlackRock BTC ETF IBIT leading with an inflow of $431.6 million, Farside Investors data showed. Meanwhile, after Donald Trump announced his intention to make Bitcoin the US Strategic Reserve, the global race toward BTC adoption has also surged. This showcases the growing confidence of the traders towards the flagship crypto, which could further send the asset’s price higher. Analysts Remain Bullish On $BTC
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