Matrixport updates its market analysis: Bitcoin's recent correction suggests a correction after completing a 40% gain, consistent with the pattern of previous cycles. The price is now down about 3% from a month ago.
In a bull market, a 10% to 20% price correction from a recent high tends to form an ideal re-entry range. Take Bitcoin's high of $108,000 as an example. If the price consolidates between $90,000 and $95,000, this could be an excellent pullback range. As long as the price remains within the -20% pullback range and continues the current cycle, it is expected to set a solid foundation for a new rally in 2025.
Matrixport: If Bitcoin consolidates in the range of 90,000 to 95,000 dollars, it may be ready for a rebound in 2025
2024-12-24 08:07:03
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