Matrixport: Still predicting Bitcoin price to rise to $45,000 by year-end

Matrixport posted on the X platform that while the market remained resilient, bulls still dominated and Bitcoin withstood the sell-off. Inflation data showed that the U.S. non-seasonally adjusted annual CPI rate fell to 3.2% in October, indicating that the Federal Reserve may cut interest rates. The U.S. government has not shut down, ensuring government financial support, keeping the hope of approval of a Bitcoin ETF still alive. The market remains bullish, with Matrixport’s long-term forecast for Bitcoin’s year-end price target of $45,000 remaining unchanged.