Matrixport Forecasts Bitcoin at $50,000 in January

Last updated: December 23, 2023 9:09 AM

Published December 23, 2023 9:09 AM

Last updated: December 23, 2023 9:09 AM

Published December 23, 2023 9:09 AM

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.

Matrixport(@realMatrixport) predicted that Bitcoin will surge to $50K in January 2024.

Will this come true?👇#Matrixport made a total of 6 predictions for $BTC price, 2 of which have already come true.

On Dec 2, 2022, when the $BTC price was $17K, #Matrixport predicted that… pic.twitter.com/V8el6nnrNE
— Lookonchain (@lookonchain) December 21, 2023

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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