TechFlow news, Matrixport released a new research report stating that in January 2024, Bitcoin recorded a positive return of +1.1%. According to the regression model, Bitcoin could rise by 65% for the remainder of this year, potentially climbing to $70,000.
Matrixport previously noted that Bitcoin prices are significantly influenced by changes in interest rate expectations. Given the likelihood of the Federal Reserve cutting rates in 2024, Bitcoin prices are poised for an upward trend.
According to Matrix on Target's report dated October 28, 2022, the ideal buying window is 14–15 months before the halving event, as Bitcoin typically enters a bear market 6 to 12 months after the halving. Although the halving occurs every four years, the cycle is approximately 3.5 years long, with the peak of the fifth bull market expected in 2025.
