Another respected analytics firm is expressing a bullish outlook on #BTC in the near term. According to Matrixport, the recent steady rise in Bitcoin’s price might just be the calm before the storm — with a strong breakout potentially on the horizon as early as June.
It’s always a bit concerning when optimistic forecasts start gaining too much traction — but to be fair, I’m not quite at that point yet. As for #Santiment and #Matrixport , I often refer to them because their analysis tends to be sharp, well-argued, and — more importantly — it works.
As #BTC once again approaches the upper boundary of its current range near $106,000, the analysts at #Matrixport have outlined several catalysts that could fuel further price growth as early as the start of summer:
• Macro backdrop: Earnings season has outperformed expectations, with companies reporting solid Q1 profits. At the same time, easing concerns around inflation and interest rates are helping lift sentiment.
• Politics & Trump factor: A renewed focus on investment and economic stimulus — including a revival of the “Trump-era tax cuts” — is driving equities higher and creating a favorable environment for risk assets.
• Liquidity & risk appetite: A supportive liquidity window is expected to last through July. Within this 90-day period, risk assets like BTC could see a meaningful influx of capital.
• FTX bankruptcy repayments: Starting May 30, repayments to creditors exceeding $50K could unlock up to $5 billion. A portion of that may flow back into crypto, particularly via ETFs and spot BTC purchases.
• $100B+ in IPOs: A series of major IPOs since February has also been fueling risk appetite — indirectly supporting demand for $BTC
Since mid-April, Matrixport has maintained a constructive view on Bitcoin, identifying upside potential even before the latest price movements. They currently define the support range at $84,500–$100,000 and set a new target of $120,000 — a level they believe is well within reach.
#BTC #CryptoAdoption #CryptoNews🔒📰🚫
