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BTC $75,522.34 -2.12%
ETH $2,241.50 -3.18%
BNB $616.02 -1.56%
XRP $1.36 -2.19%
SOL $82.50 -2.64%
TRX $0.3241 +0.73%
DOGE $0.1054 +3.68%
ADA $0.2453 -1.58%
BCH $445.75 -1.81%
LINK $9.06 -2.95%
HYPE $39.38 -2.31%
AAVE $92.34 -5.67%
SUI $0.9064 -2.67%
XLM $0.1592 -2.28%
ZEC $328.65 -2.30%

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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