Matrixport Predicts February Could Be a Good Month for Bitcoin

Reading Time: < 1 minute

According to Matrixport, the volatility of Bitcoin’s price is expected to increase in February.

This is due to the fact that February is typically a favorable time to invest in digital currency, and previous years have shown an average return on investment of 8% during this month.

While the first quarter of the year may see mixed results, the second quarter is typically more successful for the crypto market.

Analysts at Matrixport believe that the price of Bitcoin could reach $124,000 by the end of 2024, with potential corrections before and increases after the halving event.