Matrixport doubles down on $45K Bitcoin year-end prediction

After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport reiterated its vibrant Bitcoin prediction in a blog post on Oct. 24. Titled “Bitcoin Targets $45,000– FOMO Is Hitting the Market,” the blog site post supplies a brief analysis of Matrixports previous market forecasts, keeping in mind that the firm effectively forecasted several market events.Matrixport specifically mentioned its “October Ignites a Bitcoin Boom: Institutions Fueling the Price Surge” report from September 2023, which has so far successfully forecasted substantial action on the Bitcoin market in October.The company anticipated that October would be a strong month for Bitcoin due to excitement around prospective approvals of a spot BTC exchange-traded fund (ETF). Related: Galaxy predicts 74% Bitcoin rate increase first year after ETF launchAfter beginning October at around $27,000, Bitcoin briefly touched $35,000 on Oct. 24, striking 17-month highs and activating the fear of missing out amongst investors.

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