Matrixport: If Bitcoin consolidates in the range of $90,000 to $95,000, it may build momentum for a rebound in 2025
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2024-12-24 16:32 7,367
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Golden Finance reported that Matrixport updated its market analysis: Bitcoin’s recent adjustment shows that a correction occurred after completing a 40% increase, which is consistent with the rules of previous cycles. Prices are currently down about 3% from a month ago.
In a bull market, a 10% to 20% price pullback from recent highs tends to create an ideal re-entry range. Taking Bitcoin’s high of $108,000 as an example, this could become an excellent retracement zone if the price consolidates between $90,000 and $95,000. As long as prices stay within the -20% retracement range and continue the trend of the current cycle, it is expected to set a solid foundation for a new round of gains in 2025.