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Matrixport predicts Bitcoin will hit $50,000 in January!
Jan 2, 2024
< 1 min read
by Coinpedia
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The post Matrixport predicts Bitcoin will hit $50,000 in January! appeared first on Coinpedia Fintech News
Matrixport has forecast a surge in Bitcoin’s price to $50,000 by the end of January. The company analyst has identified several factors that could drive the rally, including potential approvals for ETFs. Increased institutional buying and supply shortages, as well as historical trends, suggest that Bitcoin could go up to $50,000. Matrixport’s funding rates for Bitcoin futures currently stand at +66%, indicating strong demand and optimism among the traders.
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