{"id":86875,"date":"2023-11-10T13:57:08","date_gmt":"2023-11-10T11:57:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86875"},"modified":"2025-09-13T08:13:18","modified_gmt":"2025-09-13T05:13:18","slug":"matrixport-bitcoin-to-reach-40000-45000-in-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/matrixport-bitcoin-to-reach-40000-45000-in-2023\/","title":{"rendered":"Matrixport: Bitcoin to Reach $40,000\u2013$45,000 in 2023"},"content":{"rendered":"<p>A breakout above $36,000 would push Bitcoin&#8217;s price toward the technical resistance at $40,000 and potentially set the stage for a move to $45,000 by the end of 2023. This conclusion was reached by <a href=\\\"https:\/\/www.matrixport.com\/institutions\/research\/matrix-on-target\/758\\\">Matrixport<\/a> analysts.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-822.webp\\\" alt=\\\"1-822\\\" class=\\\"wp-image-219803\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: Matrixport.<\/figcaption><\/figure>\n<\/div>\n<p>Analysts named six potential drivers that could contribute to positive dynamics:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>Approval by the <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> of the Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> in January 2024 with trading starting in February\u2013March;<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/usdc-issuer-circle-eyes-ipo-in-2024\"><span data-descr=\\\"initial public offering\\\" class=\\\"old_tooltip\\\">IPO<\/span> of Circle<\/a> \u2014 issuer of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> \u2014 by April;<\/li>\n<li>Court approval for the <a href=\"https:\/\/u1f987.com\/en\/news\/sec-chair-backs-reboot-of-ftx-within-the-law\">relaunch of FTX<\/a> in December 2023 with actual resumption of operations in May\u2013June; over the following 12 months, experts anticipate the platform returning to the top-3 players in the industry;<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a> in the Bitcoin network;<\/li>\n<li>the implementation of<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-on-ethereums-roadmap\"> EIP-4844<\/a> following<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-approve-details-of-the-dencun-upgrade\"> the Dencun hard fork<\/a> in the Ethereum blockchain in Q1;<\/li>\n<li>potential start of easing of the <span data-descr=\\\"the U.S. Federal Reserve\\\" class=\\\"old_tooltip\\\">Fed<\/span> monetary policy by mid-2024.<\/li>\n<\/ul>\n<p>Analysts warned of a new surge in Bitcoin next week if upcoming data show further inflation slowdown.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;Given the steady growth in the number of buyers during US trading hours, we may see prices rise by the end of the month (and the year). &#8216;Santa Claus rally&#8217; could begin at any moment&#8221;<\/em>, said the analysts.<\/p>\n<\/blockquote>\n<p>Earlier, analysts noted that Bitcoin shorts would be hit by the &#8216;<a href=\"https:\/\/u1f987.com\/en\/news\/matrixport-bitcoin-shorts-may-be-hit-by-the-santa-claus-squeeze\">Santa Claus squeeze<\/a>&#8216;.<\/p>\n<p>Earlier, MN Trading founder Micha\u00ebl van de Poppe said that digital gold has moved from accumulation to a bull market.<\/p>\n<p>Analysts at JPMorgan described the crypto market rally as &#8216;<a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-analysts-call-crypto-rally-overdone\">excessive<\/a>&#8216;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matrixport: a breakout above $36,000 would push BTC toward the technical resistance at $40,000 and potentially set the stage for a move to $45,000 by the end of 2024.<\/p>\n","protected":false},"author":1,"featured_media":86876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1224,1145,989],"class_list":["post-86875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-macroeconomics","tag-market-analysis","tag-matrixport"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86875"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86875\/revisions"}],"predecessor-version":[{"id":86877,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86875\/revisions\/86877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86876"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}