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BTC $60,995.11 -1.50%
ETH $1,571.76 -5.07%
BNB $576.15 -2.37%
XRP $1.09 -2.27%
SOL $62.93 -4.15%
TRX $0.3204 -1.38%
DOGE $0.0820 -1.89%
ADA $0.1586 -1.77%
BCH $217.60 -1.12%
LINK $7.40 -2.11%
HYPE $59.26 -5.32%
AAVE $62.17 -4.57%
SUI $0.7205 +1.77%
XLM $0.2016 +7.05%
ZEC $373.42 +17.18%

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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