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ETH $2,384.10 +2.92%
BNB $638.38 +1.30%
XRP $1.43 +0.58%
SOL $87.04 +1.69%
TRX $0.3298 -1.03%
DOGE $0.0961 +1.60%
ADA $0.2493 +0.36%
BCH $461.12 +3.24%
LINK $9.34 -0.26%
HYPE $41.23 +4.15%
AAVE $94.53 +3.41%
SUI $0.9489 +0.73%
XLM $0.1768 -0.71%
ZEC $317.99 +0.51%

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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