Matrixport: After the resolution with Binance, Bitcoin may exceed $40,000 this year

ChainCatcher news, Bitcoin's price may exceed $40,000 this year, according to Matrixport analyst Marcus Thielen. The outcome of the Binance settlement is slightly less than the expected $10 billion fine, and there are no allegations of Binance misappropriating user funds or market manipulation, indicating that it may still be one of the top three exchanges in the next 2 to 3 years.

In addition, he stated that Bitcoin rebounded from the $36,000 level, and "the robust counter-trend response" makes "Bitcoin rising to $40,000 inevitable. We expect an 80% probability that Bitcoin will exceed $38,000 by the end of this month, and a 90% probability of rising to $40,000 in December."