Bitcoin To Hit $45K In 2023 And $125K By 2024-End: Matrixport

Bitcoin bulls remain strong and push BTC price near $35K, driving a broader crypto market rally. The global crypto market cap jumped 1% to 1.27 trillion over the 24 hours, with top crypto Bitcoin and Ethereum moving above $34k and $1800 levels, respectively. Meanwhile, a report by Matrixport reveals the potential of Bitcoin hitting $45K in 2023 and $125K by December 2024.

Bitcoin To Pick Massive Bullish Rally For $125K In 2024

According to a report by Matrixport, Bitcoin is already in the 5th bull market and expects the BTC price to rally massively in the next few months. The next bull market is driven by institutional adoption.

Matrixport revealed that the bull market started in June this year when the BTC price reached a yearly high. The analysis shows BTC price will hit $45K in 2023. An earlier research by Matrixport pointed out that if the BlackRock Bitcoin ETF is approved, Bitcoin will rise to $42,000. Also, an inflow of $50 billion money will make Bitcoin rise to $56,000.

“Bitcoin’s characteristics, which were traditionally associated with assets like Gold and other safe-haven investments such as Treasury bonds, have led institutions to consider Bitcoin for diversifying their asset allocation.”

In addition, Matriport estimates Bitcoin price reaching $125,000 by December 2024, which is more than six months after Bitcoin halving. Also, October 2022 was the perfect time to buy the dip when price was trading at $17,000.

The massive trading volumes in the broader crypto market indicates buying by investors and whales amid Bitcoin ETF hype. While traders and analysts expect another buying opportunity below $32K, but BTC bulls have held above the level strongly.

Post-Halving Bitcoin Prediction

Standard Chartered predicted that Bitcoin price can reach $50,000 by the end of this year and surpass $120,000 by next year. Binance CEO CZ also forecasted that a post-halving Bitcoin price rally will start months after Bitcoin halving as per the historical data.

BTC price currently trades at $34313, moving sideways in the past 24 hours after a massive rally. The 24-hour low and high are $33983 and $35133, respectively. However, the trading volume has decreased by 20% in the past 24 hours.

Also Read:

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.