TechFlow news, October 18 — According to the weekly "Matrix on Target" report, in February 2024, "Matrix on Target" predicted that Bitcoin's year-end price would reach $70,000. At that time, when Bitcoin was trading around $42,000, this forecast already implied a significant +65% increase. Now, with Bitcoin fluctuating just below $70,000, the prediction has proven largely accurate. Previously, Matrixport successfully forecasted two price rebounds, with minimal deviation from actual prices. If Donald Trump is re-elected as U.S. President in 2025, his policies could benefit the Bitcoin market, particularly through regulatory relaxation and tax reduction measures.
Matrixport believes its previously predicted year-end target of $70,000, while accurate, may have been overly conservative. "Last week, we noticed investors had not yet positioned themselves for a Trump victory, after which Bitcoin surged by 8%. As the probability of a Trump win rises sharply, we are increasingly likely to see a stronger rebound in Bitcoin. We believe the original year-end target might be too cautious—market momentum could prove even more robust."
