Financial services firm Matrixport has released analysis suggesting Bitcoin could surge to $140,000 by late summer, primarily driven by global liquidity trends. The report highlights an observed correlation between shifts in worldwide liquidity and Bitcoin’s price movements over the past 18 months.
Bitcoin currently trades within the $105,000-$110,000 range, identified as a crucial support zone for sustaining bullish momentum. Matrixport indicates that maintaining this level is essential for validating their projection model.
However, the analysis cautions that liquidity trends are becoming less reliable as a leading indicator for Bitcoin’s price as the cryptocurrency market matures. This evolving dynamic reflects the asset class’s increasing complexity and integration with traditional financial systems.
Matrixport advises investors to incorporate liquidity indicators alongside broader market developments when making strategic decisions. The firm emphasizes the importance of comprehensive market analysis amid changing correlation patterns.