Matrixport: Spot ETF demand and the US election may drive a year-end Bitcoin rebound

Odaily News Matrixport released the latest chart and said: "Bitcoin has broken through the $70,000 mark, reaching the year-end target we set at the beginning of 2024. According to the latest "Matrix on Target" report, we expect Bitcoin prices to rise further before the end of the year. The US presidential election may become a positive market catalyst, coupled with strong investor demand for Bitcoin spot ETFs, which will further push up Bitcoin prices. As more and more long investors disclose their Bitcoin spot ETF holdings in upcoming 13F filings, this may inject more momentum into the year-end Bitcoin rebound."