‘Santa Rally’ Could Propel Bitcoin to $56K by Year-End, Matrixport Says
“Bitcoin continues to offer upside potential, and a +65% year-end rally would lift prices back to $56,000,” Thielen added.
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“Bitcoin continues to offer upside potential, and a +65% year-end rally would lift prices back to $56,000,” Thielen added.
Ether’s price dropped to its lowest price compared to bitcoin since July 2022 as the launch of futures-based ETH ETFs attracted meager interest from investors.
Hopes for a spot bitcoin ETF and the latest regulatory actions could prove a further catalyst.
The index has a solid track record of shifts in the bitcoin market trend.
Lower volatility has made option prices cheaper, Matrixport’s Markus Thielen said.