🧵 2. Bitcoin has reached the $40,000 level for the first time since late April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data.
🧵 3. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. However, its still down around 42% from its Nov. 10, 2021, all-time high of over $69,000.
🧵 4. In a Nov. 30 note, Matrixport research head Markus Thielen predicted that Bitcoin would hit over $60,000 by April next year and $125,000 by the end of 2024.
🧵5. Thielen said the last three crypto bear markets saw a following three year bull cycle and an analysis suggested "another three years of this bull market, with 2023 being the first year."
🧵 2. Bitcoin has reached the $40,000 level for the first time since late April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data.
🧵 3. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. However, its still down around 42% from its Nov. 10, 2021, all-time high of over $69,000.
🧵 4. In a Nov. 30 note, Matrixport research head Markus Thielen predicted that Bitcoin would hit over $60,000 by April next year and $125,000 by the end of 2024.
🧵5. Thielen said the last three crypto bear markets saw a following three year bull cycle and an analysis suggested "another three years of this bull market, with 2023 being the first year."
🧵 Read more at: https://cointelegraph.com/news/bitcoin-price-40000-first-time-since-april-2022-matrixport-eyes-2024