According to ChainCatcher, Matrixport released its latest research report, which pointed out that in January 2024, Bitcoin's positive return rate was +1.1%. According to the regression model, Bitcoin is expected to rise by 65% in the rest of the year, and the price of Bitcoin may climb to US$70,000.
Matrixport previously pointed out that Bitcoin prices are significantly affected by changes in interest rate expectations, and given that the Federal Reserve may cut interest rates in 2024, Bitcoin prices are expected to rise.
According to a report by Matrix on Target on October 28, 2022, the ideal time to buy is 14-15 months before the halving, as Bitcoin usually enters a bear market 6 to 12 months after the halving. Although the halving occurs every four years, the cycle is about 3.5 years, and the peak of the fifth bull market is expected to occur in 2025.
