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BitcoinSistemi 2024-12-25 07:33:06

Chinese Analytics Company Reveals: “Bitcoin’s Recent Decline…”

Cryptocurrency financial services firm Matrixport has released a market update suggesting that Bitcoin’s current consolidation phase could pave the way for a significant recovery in 2025. The analysis notes that Bitcoin’s recent correction following a 40% rally is in line with historical patterns observed in previous market cycles. Bitcoin is currently trading around 3% below its price from a month ago, with a recent high of $108,000. Corrections of 10% to 20% are common in a bull market, according to Matrixport, and often provide an ideal re-entry point for traders and investors. Related News: Developers on Solana Revealed the Altcoins Developers Are Most Focused on - Here's the List “If Bitcoin consolidates between $90,000 and $95,000, this range could represent an excellent correction zone,” Matrixport said. This range is within the -20% correction threshold, which the firm sees as a key indicator for resuming the bullish trend of the current market cycle. Matrixport predicts that maintaining the $90,000 to $95,000 consolidation range will provide a strong foundation for Bitcoin’s next phase of growth. If the price can stabilize in this range and sustain a broader uptrend, BTC could gain enough momentum for a renewed rally in 2025, the firm says. *This is not investment advice. Continue Reading: Chinese Analytics Company Reveals: “Bitcoin’s Recent Decline…”