Matrixport: Bitcoin Will Reach $125K by End of 2024

The price of Bitcoin could surpass $125,000 before the end of next year, the head of the research department at cryptofinancial service Matrixport has said. According to him: “On June 22, 2023, Bitcoin made a new one-year high, marking the first time in a year. This signal has historically indicated the end of bear markets and the start of new crypto bull markets.” The price of Bitcoin could soar 123% in 12 months and 310% in a year and a half, he has said. With such growth, the asset will rise in price to $65,539 and $125,731, respectively, he has added.