Bitcoin Bull Market: 12-18 Months?
Bitcoin Bull Market Could Extend Another 12-18 Months
According to Markus Thielen, head of research at Matrixport, the current Bitcoin bull market may have legs. In a recent interview on CoinDesk's "Markets Daily," Thielen offered a bullish outlook, suggesting the rally could continue for another 12 to 18 months.
Thielen's prediction is based on several factors, although specifics weren't detailed in the provided information. The positive outlook covers not only Bitcoin (BTC) but also Ethereum (ETH).
Matrixport's Market Outlook
Beyond the extended bull market prediction, Thielen also discussed other market observations, including what he sees as an overvaluation of MicroStrategy stock. He also mentioned Matrixport's year-end price predictions, although these predictions were not specified.
Matrixport provides comprehensive services for the crypto industry, including sophisticated risk management solutions, trading and custody services. Their insights offer a valuable perspective on the market's direction.
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Note: This article summarizes insights from a CoinDesk interview. For the full interview, please refer to the original source.