Cryptocurrency experts name the date when bitcoin will reach $ 63,000

According to a report by Matrixport researchers, the price of the flagship digital asset is likely to rise to $ 63,000. According to analysts, BTC $62,256.84 Bitcoin 0.03% Market capitalization $1.23 trillion VOL. 24 hours $0.44 billion will reach this level in exactly one year, in the spring of 2024.

According to experts, next year, bitcoin will rise to at least $ 63,160. Analysts are convinced that the price of the token will continue to grow over the next three months, approaching peak levels by next spring.

Historically, the BTC rate reached a price bottom 515−458 days before the next halving. According to Matrixport’s calculations, this event should occur in April 2024, which means that the projected low was between November 2022 and January 2023.

The researchers also drew attention to the potential decline in digital gold prices in June and September of this year. They recommended accumulating CTS during market downturns. Analysts advised to ignore bearish sentiment and prepare for higher price levels in April 2024.

As a reminder, BTC has now dropped below $ 30,000. CryptoQuant analysts explained that the reason for this drop was the «overheating» of the market. CryptoQuant came to this conclusion based on the ratio of two futures market indicators: open interest rates and funding rates. At the time of writing, BTC is trading at $ 29,943.