Odaily Planet Daily News: Matrixport released today's chart stating that when Bitcoin surged more than 40% in 30 days, we had warned that a consolidation phase might follow the rapid increase, as such a swift rise is usually difficult to sustain. It has proven that after Bitcoin achieved a 40% increase, a pullback occurred, consistent with previous cycle patterns. Currently, the price has dropped about 3% compared to a month ago. In a bull market, a price pullback of 10% to 20% from recent highs often forms an ideal re-entry range. Taking Bitcoin's peak of $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 remains within a -20% pullback range and continues the current cycle's trend, it is expected to lay a solid foundation for a new round of increases in 2025.

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