Matrixport predicts that the range of bitcoin (BTC) price fluctuations should increase in February.
While volatility remained weak at the beginning of 2024, it will escalate in late winter, as February is usually the best time to invest in the digital currency.
On average, over the past few years, the return on investment in BTC has been 8% at the end of the last winter month. In most cases, investments in cryptocurrency brought profit, Matrixport analysts emphasized.
In general, the first quarter usually ends with mixed results, but the second quarter is mostly successful for the crypto market.
Matrixport does not rule out that by the end of 2024 the bitcoin price will reach $124,000. Before the halving, there may be a correction in the BTC rate, but after this event, the cryptocurrency will start to increase in value.