Matrixport: If Bitcoin consolidates in the range of 90,000 to 95,000 US dollars, it may be building momentum for a rebound in 2025
Matrixport updated its market analysis: The recent adjustment of Bitcoin indicates a pullback after completing a 40% increase, which is consistent with the pattern of previous cycles. The current price has fallen about 3% from a month ago.
In a bull market, prices often form an ideal re-entry range when they pull back 10% to 20% from recent highs. Taking the high point of Bitcoin at $108,000 as an example, if the price consolidates between $90,000 and $95,000, this could become an excellent pullback range. As long as the price stays within -20% of the pullback range and continues the current cycle trend, it is expected to lay a solid foundation for another round of increases in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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