Matrixport: Bitcoin's -10% Pullback Could Be a Strategic Buying Opportunity
2025-01-27 07:14:38
Matrixport Shows 2022 End of Year Bull Startup Since Bitcoin Showdesk3cryptocurrencydesktopCrypto News
Matrixport said that since the start of the bull market in late 2022, Bitcoin has shown strong resilience, with 30-day price corrections rarely exceeding -10%, while monthly losses during bear markets are often as high as 30% or more. Last week, Bitcoin was close to the -10% correction level, which is usually regarded as a consolidation bottom in this bull market. In contrast, the + 40% sharp rally in March and November 2024 is seen as a profit-taking opportunity. From the trend chart, Bitcoin is still in a bull market stage. If the trend continues, a -10% pullback may be a strategic buying opportunity.
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