According to ChainCatcher, Matrixport released a report saying that Bitcoin is likely to rebound at the end of the year, bringing surprises to many market participants.
The report states that while Bitcoin has been consolidating since reaching its all-time high in March 2024, its year-to-date return has reached +49%, which is comparable to the +47% return predicted based on historical data. Based on Bitcoin's performance over the past decade, if this historical trend continues, there is a high probability of a sharp price rebound in early October. The coming weeks and months will be an exciting and transformative period for all participants in the crypto asset space.
In addition, Ethereum mining fees rebounded slightly, indicating that the summer consolidation phase of crypto assets is expected to end. As for whether the rebound momentum will continue, a more detailed and rigorous analysis of Ethereum revenue and mining fee trends is needed. Closely monitoring these indicators can provide insight into whether the recent rebound is sustainable. If it is not sustainable, it means that the logic of market activities may have changed.
