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ZEC $477.10 -4.98%
BTC $63,966.61 -1.51%
ETH $1,855.89 -1.47%
BNB $565.21 -0.32%
XRP $1.08 -1.47%
SOL $73.89 -2.05%
TRX $0.3295 -0.48%
DOGE $0.0694 -0.38%
ADA $0.1623 -2.48%
BCH $210.24 +0.04%
LINK $8.30 -2.06%
HYPE $57.59 -1.38%
AAVE $90.97 -4.97%
SUI $0.7050 -3.86%
XLM $0.1768 -3.10%
ZEC $477.10 -4.98%

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.
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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