Bitcoin Price May Reach $45,000 By Year-End, Says Matrixport Chief Researcher

Key Points:

• Markus Thielen predicts Bitcoin to reach $45k by year-end due to US bond yield and inflation.
• Using a “fair value” roadmap for trading actions, Thielen advises selling at $30,350 and adding around $25,000.
• The king of cryptocurrency is expected to outperform stocks due to its sensitivity to liquidity.

Markus Thielen predicts Bitcoin to reach $45k by year-end due to US bond yield and inflation. He advises using a “fair value” roadmap for trading actions.

Recently, Markus Thielen, chief researcher at Matrixport, made some bold predictions about the future of Bitcoin. According to Thielen, the price of Bitcoin may reach around $45,000 by the end of this year. Thielen explained that this is due to the US 10-year bond yield trading below 3.50%, which means that inflation will be a big tailwind for risk assets, notably Bitcoin.

Despite recent volatility, Thielen believes that Bitcoin prices are exactly where they should be, based on his CPI/FOMC roadmap that he laid out in early February. He also stated that based on the January Effect, Bitcoin prices could finish the year around $45,000, which seems achievable.

Thielen suggested using the predictable path as a roadmap and selling when prices are above the “fair value” level or buying when below. This means that trading actions should be taken every time Bitcoin’s price trades +10% above this level or -10% below it. Therefore, Thielen suggested selling at $30,350 and adding around $25,000.

In addition, Thielen pointed out that as the US 10-year bond yield has started to trade below 3.50%, inflation will be a big tailwind for risk assets, notably BTC. He also noted that Bitcoin is more sensitive to liquidity and is expected to outperform stocks.

Currently, BTC is neither over- or undervalued, nor are the Greed & Fear indices signaling extreme readings. Thielen emphasized that patience and discipline are needed to stick to the data and analysis as the path to $45,000 continues.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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