Matrixport’s Markus Thielen Predicts Bitcoin to Hit $45,000 by Year’s End

There have been many predictions about the future of Bitcoin. However, the predictions made by Matrixport’s principal researcher, Markus Thielen, have drawn a lot of public attention.

In a recent statement from LinkedIn, Thielen forecast By the end of the year, the bitcoin price could reach around $45,000.

#Matrix port Lead researcher predicts #bitcoin $45,000 by the end of the year $bitcoin https://t.co/ArsM1Hf8MX

— Kyptos (@azcoinnews) April 26, 2023

Thielen’s forecast is based on the belief that inflation will be excellent conditions for risky assets, especially Bitcoin. He also sees the US 10-year Treasury yield below 3.5% as an indicator. According to Thielen, despite the recent volatility, the bitcoin price is still at the position established by the CPI/FOMC roadmap released in early February.

Here are 10 takeaways from Thielen’s statement:

1. According to the CPI/FOMC roadmap released in February, the Bitcoin price is in the right place.
2. Based on the impact of January, the Bitcoin price could end the year around $45,000, which is a fairly feasible price.
3. The predicted path can be used as a path for buying and selling bitcoins.
4. It is recommended to sell when the price is 10% above fair value or buy when the price is -10% below fair value.
5. A half position should be added at $27,500.
6. Suggested purchase at “fair value” of $27,000-27,500, even with a lower discount.
7. U.S. 10-year bond yields below 3.5% suggest that inflation will be an important driver of risk assets, especially Bitcoin.
8. A volatility index (VIX) below 20 could spur markets higher, with bitcoin outperforming stocks due to its sensitivity to liquidity.
9. Bitcoin is currently neither overvalued nor undervalued, and the greed and fear indicators are not showing any extreme results.
10. Patience and discipline are key to sticking with data and analytics. The road to $45,000 continues.

Overall, Thielen’s predictions have brought optimism to bitcoin investors, who have weathered a volatile market in recent months. However, not all forecasts are guaranteed and investors should always conduct their own research before making any investment decisions.

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Mr. teacher

according to Kyptos