Matrixport’s latest report predicts a Bitcoin surge to $50,000 this month, citing factors like potential approval of a Bitcoin Spot ETF, institutional buying momentum, and historical trends.
The analysis suggests that, following a customary mid-to-end December consolidation, Bitcoin is poised for a robust breakout in the new year.
This anticipated momentum is attributed to institutional investors seeking to capitalize on potential rallies, with Matrixport emphasizing the significance of these investors eager not to miss out on market upswings.
Today, Bitcoin surpassed the $45,000 mark for the first time since April 2022, currently hovering around $45,200 with a 7% rise in the last 24 hours.
