According to Matrixport analysts, the fifth BTC bull market officially started last June 22, 2023 and its price could reach $125,000 in December 2024. They have associated the start of a new uptrend with the update of the annual high reached last June 22. The company’s experts have concluded that after this signal was triggered, the return on investment in Bitcoin averaged +310%. Based on these figures, analysts estimate the price could hit $125,000 by December next year. According to them, the optimal entry point was 14-16 months before halving, in October 2022, when Bitcoin was trading at $17,000. The company experts believe the price of the cryptocurrency will be driven by expectations of institutional adoption of Bitcoin and the instability of the US debt-to-GDP ratio.
