Matrixport: If Bitcoin consolidates in the range of US$90,000 to US$95,000, it may accumulate strength for a rebound in 2025
Online reported that Matrixport updated its market analysis: Bitcoin's recent correction shows a correction after completing a 40% increase, which is consistent with the pattern of previous cycles. Prices are now down about 3% from a month ago. In bull markets, a correction of 10% to 20% in prices from recent highs tends to create an ideal re-entry range. Take Bitcoin's high of $108,000 as an example. If the price consolidates between $90,000 and $95,000, this could be an excellent pullback range. As long as prices remain within the-20% correction range and continue the current cycle, they are expected to lay a solid foundation for a new round of gains in 2025.
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