Bitcoin To Hit $50K in January 2024: Matrixport

Matrixport predicts that Bitcoin will reach $50,000 by January 2024

Earlier, Matrixport accurately forecasted Bitcoin hitting $17,000 in December 2022 (achieved) and $29,000 in April 2023 (also achieved)

Looking ahead, Matrixport's projections include a forecast of $63,160 by May 2024 and a year-end target of $125,000

These estimates are contingent on the potential approval of US ETFs, adding an additional layer of anticipation to the predictions.