According to BlockBeats news, on September 27, Matrixport released a report stating that Bitcoin is likely to rebound at the end of the year, bringing surprises to many market participants.

The report said that while Bitcoin has been consolidating since reaching an all-time high in March 2024, the year-to-date return has also reached +49%, which is on par with the +47% return predicted based on historical data. Based on Bitcoin’s performance over the past decade, if this historical trend continues, it is very likely that early October will usher in a significant price rebound. The coming weeks and months will be an exciting time of change for all players in the cryptoasset space.

In addition, the slight rebound in Ethereum mining fees indicates that the summer consolidation phase of crypto assets is expected to come to an end. As for whether the rebound momentum will continue, a more detailed and rigorous analysis of Ethereum revenue and mining fee trends is required. Keeping a close eye on these indicators can provide insight into whether the recent rally is sustainable. If it is not sustainable, it means that the logic of market activities may have changed.

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