Matrixport: Bitcoin is expected to rise to $63,000 in March.

According to a report released by Matrixport on February 23rd, as reported by BlockBeats, the goal of BTC reaching $63,000 in March 2024 is achievable. Matrixport states that historical data shows that the price of Bitcoin usually rebounds during halving. Catalysts for Bitcoin include the approval of Bitcoin spot ETFs, which have already brought in $10 billion, as more investors merge Bitcoin with traditional investment portfolios, the marketing activities conducted by these ETF issuers will continue to support the price of Bitcoin. Additionally, as measured by the first two months before halving, the price of Bitcoin often rises by more than 32% during halving. The expectation of a Fed rate cut after the June FOMC meeting and the US presidential election also tend to drive up the price of Bitcoin, with an average return rate of +192%.