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BTC $62,183.42 +2.49%
ETH $1,629.45 +4.57%
BNB $593.98 +3.63%
XRP $1.12 +4.44%
SOL $65.18 +5.16%
TRX $0.3274 +1.69%
DOGE $0.0848 +4.72%
ADA $0.1626 +2.93%
BCH $224.84 +5.16%
LINK $7.75 +5.12%
HYPE $58.70 +1.44%
AAVE $63.04 +4.67%
SUI $0.7458 +4.51%
XLM $0.2063 -2.82%
ZEC $420.49 +18.41%

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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