According to analysis by financial services company Matrixport, the market for cryptocurrencies has begun. According to today's software report by Matrixport, cryptocurrencies officially entered the bull market on June 22, 2023. Bitcoin, which exceeded the $ 30,000 threshold on June 22, reached its peak in a year for the first time in the last year on that date. Matrixport analysts think that the Bitcoin price may break a new record in the future: “Historically, whenever this signal is triggered, Bitcoin returns more than 310% on average. Based on this signal, we predict that Bitcoin could reach 125,000 by December 2024.” Bitcoin rose several thousand dollars to above $35,000 this week, just in time for spot exchange-traded funds (ETFs) to be approved. According to the Matrixport report, the ideal period to buy Bitcoin is October 2022, 14-16 months before the halving. Bitcoin was trading at around $17,000 at the time.