Matrixport reports that BTC price is on track to hit $63,000 in March 2024.
Matrixport said historical data shows that Bitcoin prices usually rebound around halvings.
Catalysts for Bitcoin include: Approval of Bitcoin Spot ETF: The fund has seen $10 billion in inflows. As more investors integrate Bitcoin with traditional investment portfolios, the ongoing marketing campaigns of these ETF issuers will continue to support Bitcoin prices. Bitcoin Halving: Bitcoin prices tend to rise by more than 32% at halving, as measured by the two months leading up to the halving. Interest rate cut expectations after the Federal Reserve's FOMC meeting: Two weeks after the June FOMC meeting, when the Federal Reserve may officially cut interest rates for the first time. US Presidential Election: Bitcoin tends to rise during election years, with an average return of +192%.