Matrixport: Bitcoin price may see a sharp rebound in early October

Matrixport published a report on the X platform saying that Bitcoin is likely to rebound at the end of the year, bringing surprises to many market participants. Although Bitcoin has been in a state of consolidation since reaching an all-time high in March 2024, the return rate has reached +49% year-to-date, which is comparable to the +47% return predicted based on historical data. Based on Bitcoin's performance in the past decade, if this historical trend continues, it is very likely that the price will rebound sharply in early October. The coming weeks and months will be an exciting and transformative period for all participants in the crypto asset space. In addition, Ethereum mining fees have rebounded slightly, indicating that the summer consolidation phase of crypto assets is expected to end. Whether the rebound momentum will continue requires a more detailed and rigorous analysis of Ethereum revenue and mining fee trends. Closely monitoring these indicators can provide insights into whether the recent rebound is sustainable. If it is not sustainable, it means that the logic of market activities may have changed.