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BTC $75,774.30 -1.86%
ETH $2,354.64 -2.80%
BNB $631.11 -1.37%
XRP $1.43 -3.58%
SOL $86.23 -3.31%
TRX $0.3297 +0.79%
DOGE $0.0949 -5.16%
ADA $0.2488 -4.63%
BCH $444.86 -2.08%
LINK $9.31 -3.59%
HYPE $44.27 +0.22%
AAVE $106.13 -9.42%
SUI $0.9590 -5.27%
XLM $0.1688 -2.60%
ZEC $322.31 -2.20%

Matrixport: If Bitcoin consolidates in the range of $90,000 to $95,000, it may be building momentum for a rebound in 2025

2024-12-24 15:20:48
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ChainCatcher news, Matrixport updates its market analysis: Bitcoin's recent adjustment indicates a pullback after a 40% increase, which is consistent with previous cycle patterns. The current price has dropped about 3% compared to a month ago.

In a bull market, a price pullback of 10% to 20% from recent highs often creates an ideal re-entry zone. Taking Bitcoin's peak of $108,000 as an example, if the price consolidates between $90,000 and $95,000, this could become an excellent pullback zone. As long as the price remains within a -20% pullback range and continues the current cycle's trend, it is expected to lay a solid foundation for a new round of increases in 2025.

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