TechFlow news, Matrixport analyst Markus recently told BlockBeats in an exclusive interview that Bitcoin could reach $125,000 this year, with the bull market potentially lasting until February to September next year.
He added: "One indicator we observed last July was that when Bitcoin hits a one-year high for the first time within a 12-month period, it typically experiences a 300% rebound. Applying this metric also points to $125,000. We were quite accurate last year, so this year we might be erring on the conservative side—Bitcoin could reach $125,000 by the end of this year or next."
In addition, Markus believes the current bull market is only halfway through and could extend from next February to September.
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