Matrixport: Bitcoin is likely to see a significant price rebound in early October
ChainCatcher news, Matrixport released a report stating that Bitcoin is very likely to rebound by the end of the year, bringing surprises to many market participants.The report states that although Bitcoin has been in a consolidation phase since reaching an all-time high in March 2024, the year-to-date return has also reached +49%, comparable to the historically predicted +47% return. Based on Bitcoin's performance over the past decade, if this historical trend continues, a significant price rebound is likely to occur in early October. The coming weeks and months will be an exciting transformative period for all participants in the crypto asset space.In addition, Ethereum miner fees have seen a slight rebound, indicating that the summer consolidation phase for crypto assets may be coming to an end. As for whether the rebound momentum will continue, a more detailed and rigorous analysis of Ethereum's revenue and miner fee trends is needed. Closely monitoring these indicators can provide deeper insights into whether the recent rebound is sustainable. If it is not sustainable, it suggests that the logic of market activity may have undergone new changes.
