BTC $78,925.10 +0.37%
ETH $2,483.77 +0.01%
BNB $749.86 -1.02%
XRP $1.42 +1.61%
SOL $103.67 +0.28%
TRX $0.3388 +0.28%
DOGE $0.0903 +0.37%
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BCH $257.83 +0.27%
LINK $12.05 -4.77%
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AAVE $128.88 -1.48%
SUI $0.8081 -1.71%
XLM $0.1879 -1.26%
ZEC $1,239.40 +7.97%
BTC $78,925.10 +0.37%
ETH $2,483.77 +0.01%
BNB $749.86 -1.02%
XRP $1.42 +1.61%
SOL $103.67 +0.28%
TRX $0.3388 +0.28%
DOGE $0.0903 +0.37%
ADA $0.2181 -0.49%
BCH $257.83 +0.27%
LINK $12.05 -4.77%
HYPE $86.06 +2.70%
AAVE $128.88 -1.48%
SUI $0.8081 -1.71%
XLM $0.1879 -1.26%
ZEC $1,239.40 +7.97%

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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