Bitcoin Expected To Rebound By Year-End, Says Matrixport Report

According to BlockBeats, on September 27, Matrixport released a report suggesting that Bitcoin is likely to rebound by the end of the year, potentially surprising many market participants. The report indicates that although Bitcoin has been consolidating since reaching an all-time high in March 2024, its year-to-date return has reached +49%, closely aligning with the historically predicted return of +47%. Based on Bitcoin's performance over the past decade, there is a strong possibility of a significant price rebound in early October. The upcoming weeks and months are expected to be an exciting period of change for all participants in the crypto asset sector. Additionally, Ethereum miner fees have seen a slight rebound, indicating that the summer consolidation phase for crypto assets may be coming to an end. Whether this rebound momentum will continue requires a more detailed and rigorous analysis of Ethereum revenue and miner fee trends. Closely monitoring these indicators can provide deeper insights into the sustainability of the recent rebound. If the rebound is not sustainable, it may suggest a shift in the market activity logic.