BTC $64,108.91 +0.94%
ETH $1,891.92 -0.35%
BNB $602.89 -0.37%
XRP $0.9939 -0.77%
SOL $75.62 +0.27%
TRX $0.3313 -0.27%
DOGE $0.0697 -0.70%
ADA $0.1728 -2.22%
BCH $202.92 -1.02%
LINK $9.40 -0.25%
HYPE $59.09 +0.34%
AAVE $88.27 +2.21%
SUI $0.6433 -4.88%
XLM $0.1547 -2.31%
ZEC $507.93 +2.48%
BTC $64,108.91 +0.94%
ETH $1,891.92 -0.35%
BNB $602.89 -0.37%
XRP $0.9939 -0.77%
SOL $75.62 +0.27%
TRX $0.3313 -0.27%
DOGE $0.0697 -0.70%
ADA $0.1728 -2.22%
BCH $202.92 -1.02%
LINK $9.40 -0.25%
HYPE $59.09 +0.34%
AAVE $88.27 +2.21%
SUI $0.6433 -4.88%
XLM $0.1547 -2.31%
ZEC $507.93 +2.48%

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

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

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