Bitcoin could reach a price of $125,000 by the end of 2024, according to Matrixport, while Walletinvestor predicts a price of only $12,000 by the end of next year.
According to Matrixport, Bitcoin could reach $125,000 by the end of 2024. This bull market prediction is in line with Bitcoin’s trend of sharp rises in the months after mining bounties are halved. The fourth halving is expected in early 2024!
This is completely contradicted by Walletinvestor’s forecast for Bitcoin, which predicts a tenth of the $125,000 price estimated by Matrixport, using technical analysis.
Which of them will be right?
Forecasting the Bitcoin exchange rate has always been a challenge for analysts, as the cryptocurrency market is influenced by a number of factors, including regulation, technological developments and market sentiment.
Such an increase in Bitcoin’s exchange rate would have a major impact on the cryptocurrency market and cryptocurrency investors, as an increase in Bitcoin’s exchange rate would increase the liquidity and attractiveness of the cryptocurrency markets, bringing further investment and innovation to the cryptocurrency industry.