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Matrixport Forecasts Bitcoin at $50,000 in January

On December 21st, Crypto data analysis, Lookonchain reported Matrixport predicted Bitcoin will surge to $50,000 by January 2024.

According to Lookonchain, Matrixport has made 6 Bitcoin price forecasts in the past, with 2 having already come true.

One prediction from December 2022 that Bitcoin would reach $17,000 was accurate. Matrixport also correctly forecasted in 2023 that Bitcoin would exceed $29,000, which happened on April 11th when Bitcoin surpassed that level following a modest bull market.

As December wraps up, Matrixport awaits the outcome of its prediction that Bitcoin would surpass $45,000. The broader forecast sees Bitcoin hitting $50,000 in January 2024, $63,160 by May 2024, and $125,000 by the end of 2024.

Also Read: Roger Ver Sued Matrixport For $8M Of Frozen Funds

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