Matrixport Investment Research: BTC's new high may come by the end of the year or in 25 years

Last October, Matrix on Target predicted the price trajectory of BTC's fifth bull market. The model's forecast data showed that BTC would rise from $22,500 in late January 2023 to $45,000 by the end of the year, an increase of +100%. Then, there would be a correction below $40,000 in early January 2024, followed by a rise to $63,130 in March, then a drop to a low of $50,000 in the summer, and finally a parabolic rise to $125,000. In reality, the BTC price differed from the $45,000 target by only 3%, and from the $63,130 halving price forecast by less than 1%, but the halving occurred later than initially expected. Currently, the BTC price trend is relatively close to the previous forecast, and although it has not yet reached the $125,000 target, according to the current market development, BTC may reach a new high by the end of 2024 or 2025, but the high may not be able to reach the $125,000 target in one go. The core PCE price index in the US rose 0.3% month-on-month in September, and the Federal Reserve may adopt a cautious rate cut stance. The latest poll data shows that Harris leads Trump by a narrow 1% margin.