Matrixport: Bitcoin price will rise to $125,000 by 2025

Markus Thielen, head of research and strategy at crypto platform Matrixport, predicted that by 2025 the value of BTC could exceed $125,000. According to historical data, a reversal to a multi-month rally starts as soon as prices reach a yearly high, thereby confirming the end of the bearish cycle, the analyst noted in a comment. Coindesk, writes RBC Crypto.

The signal was formed at the end of last June, when the BTC rate exceeded $31 thousand. Earlier impulses were recorded in August 2012, December 2015, May 2019 and August 2020, preceding the active jump in the rate of the first cryptocurrency.

Taking into account the data on the profitability of the asset from the most important marks during these periods, Thielen suggested that over the next 12 months the value of the coin will increase by 123%, to $65,539, and in 1.5 years it will increase by 310%, to $125,731.

On the afternoon of July 6, the price of bitcoin at the moment reached $31.5 thousand, this happened for the first time since the beginning of the year. BTC has risen in price by more than 3% per day and by almost 90% since January 1.

The prices of some other cryptocurrencies rose after bitcoin. The Solana coin (SOL) was among the leaders of daily growth, having risen in price by 5.7% to $20.18. Bitcoin Cash continues to grow noticeably, the coin added 7.8% per day and is trading at around $295.

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