Matrixport: If Bitcoin consolidates in the $90,000 to $95,000 range, it may accumulate momentum for a rebound in 2025

Matrixport has 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 dropped by about 3% compared to a month ago.

In a bull market, a price pullback of 10% to 20% from the recent high often forms an ideal re-entry zone. Taking Bitcoin's high point 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 range of -20% pullback and continues the current cycle trend, it is expected to provide a solid foundation for the new round of rise in 2025.