Bitcoin Expected to Reach $48,000 in Short Term

Golden Finance reported that Markus Thielen, head of research at Matrixport and founder of 10x Research, said that Bitcoin will rise to $48,000 in the short term, driven by a strong record of gains during the Chinese Lunar New Year celebrations. Markus Thielen wrote in the report: “The next few days are extremely statistically significant because Bitcoin tends to rise by 11% around the Lunar New Year, starting on Saturday, February 10th. Over the past 9 years Here, every time traders buy Bitcoin 3 days before the start of the Lunar New Year and sell Bitcoin 10 days after the start of the Lunar New Year, Bitcoin will rise.”

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