According to the latest prediction from Markus Thielen, head of research and strategy at encryption service provider Matrixport.
Legendary investor Warren Buffett once said, be fearful when others are greedy and greedy when others are fearful, maybe now is the time to be greedy in the crypto market. Because the battered Bitcoin may soon find relief and rally to $63,000 by March 2024, when the cryptocurrency may experience a mining reward halving.
Thielen said that prices start to rise 15 months before the next halving (November 2022) and tend to rise 39% from where they were trading 24 months ago. This means that Bitcoin is trading around $63,160 ($45,538 in March 2022 * (1+39%) = $63,160) by March 2024.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.