ChainCatcher message, Matrixport updates its market analysis: Bitcoin's recent adjustment indicates a pullback after a 40% increase, which is consistent with past cycles. The current price has fallen approximately 3% compared to a month ago.
In a bull market, a price pullback of 10% to 20% from recent highs often creates 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 zone. 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.
