CandleFocus Chinese Analytics Company Reveals: “Bitcoin’s Recent Decline…”
2024-12-25
Author: Content Editor
Crypto financial services firm Matrixport believes that Bitcoin's current consolidation phase could lead to a significant recovery in 2025. The analysis suggests that Bitcoin's recent correction after a 40% rally is following historical patterns observed in previous market cycles. Matrixport considers corrections of 10% to 20% as common in a bullish market and potentially good re-entry points for traders and investors. The firm sees a range of $90,000 to $95,000 as an ideal correction zone, within the -20% threshold, which could indicate the resumption of the current market cycle's bullish trend. If Bitcoin can stabilize in this range and sustain an uptrend, it could gain enough momentum for a renewed rally in 2025.
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