Last October, Matrix on Target had 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 that would break 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 Matrix on Target's $45,000 target by only 3%, and from the $63,130 forecast halving price level 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, based on the current market development, BTC may reach a new high by the end of 2024 or 2025, and the high may not be able to reach the $125,000 target in one go.
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