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XLM $0.1876 -0.14%
ZEC $1,266.08 +9.63%
BTC $78,956.24 +1.31%
ETH $2,497.82 +1.58%
BNB $745.20 -0.21%
XRP $1.43 +1.84%
SOL $103.69 +0.91%
TRX $0.3384 -0.07%
DOGE $0.0902 +1.21%
ADA $0.2178 -0.36%
BCH $257.83 +1.44%
LINK $12.14 -2.36%
HYPE $86.27 +4.40%
AAVE $129.40 +1.25%
SUI $0.8103 +0.80%
XLM $0.1876 -0.14%
ZEC $1,266.08 +9.63%

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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