Cryptocurrency experts predict bitcoin’s growth to $ 45,000 by the end of the year

Researchers from the analytical company Matrixport published a series of tweets in which they talked about the impact of the macroeconomic situation on the flagship cryptocurrency. The experts gave a forecast of BTC quotes: according to analysts, bitcoin will cost $ 45,000 by the end of 2023.

7/10: The next #Bitcoin(#BTC) level is 28k, which we should reach by May. While our prediction for 2023 was «not a straight line but… the road to 45k», we suggest occasionally taking advantage of higher implied #volatility and selling #upsidecalls (or #puts). pic.twitter.com/Gh8RuUSt97

— Matrixport (@realMatrixport) March 15, 2023

The researchers emphasized that the data on the current level of inflation in the United States was a «gift for the cryptocurrency market.» Matrixport made a macro forecast: for BTC to reach the projected value at the end of this year, the flagship cryptocurrency should now keep the level of $ 24,965. Bitcoin is almost succeeding — at the time of writing, the asset is trading at $ 24,539.

Researchers believe that BTC is at the «price bottom,» so now is the best time to buy cryptocurrency. Matrixport noted that this year the US inflation rate will drop to 2−3%. This will lead to the revival of the financial market.

The analysts assured that BTC will soon overcome the $ 25,000 mark. The next resistance level is $ 28,000, which «will be taken by May 2023.» The researchers emphasized that the bitcoin rate will not grow steadily, as market developments will be accompanied by volatility.

Matrixport recommended investing in cryptocurrencies, as uncertainty in the banking sector jeopardizes people’s savings. The company emphasized that the dominance of BTC has once again shown that the asset is better and more reliable than its alternatives.