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Matrixport reaffirms its $45K Bitcoin year-end prediction

Matrixport reaffirms its $45K Bitcoin year-end prediction

Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has reaffirmed its prediction that Bitcoin (BTC) will reach $45,000 by the end of 2023. The firm initially set this target in early 2023 and has now reiterated it in a recent blog post titled “Bitcoin Targets $45,000 — FOMO Is Hitting the Market.” Matrixport cited its successful prediction of significant market events, including the recent Bitcoin surge in October. The firm believes that Bitcoin’s breakout above July’s $31,500 level indicates that $45,000 is achievable by year-end. However, some analysts have expressed less optimism about Bitcoin’s price in 2023, with one predicting a drop to as low as $5,000.

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