Matrixport Analysts: Bitcoin Might Suffer a Correction Before Halving

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Next spring, there will be a halving event on the Bitcoin network, resulting in a decrease in miners’ rewards for mining a block.

Many experts predict that this, combined with the upcoming launch of spot Bitcoin ETFs on the US market, will cause significant market instability.

According to analysts at Standard Chartered bank, BTC could potentially reach $200,000 by the end of 2025.

However, there is a possibility of a Bitcoin downturn before the halving, with Matrixport suggesting it could potentially drop to $36,000-$38,000 in early spring.

Matrixport had previously predicted that BTC could reach $50,000 by the end of January but will then experience a correction and potentially drop to $36,350 by the end of March, before reaching its peak in the new market cycle.