PANews reported on December 24 that Matrixport data shows that after Bitcoin surges more than 40% in 30 days, it typically enters a consolidation period, and the current price has dropped about 5% from a month ago. Historical data indicates that after Bitcoin achieves a similar surge, it often experiences a pullback, which aligns with past cycle patterns. In a bull market, a pullback of 10% to 20% from recent highs usually creates an ideal re-entry zone.
For example, if Bitcoin pulls back from a high of $108,000 to a range of $90,000 to $95,000, this could become an excellent pullback area. As long as the price remains within a -20% pullback range and continues the current cycle trend, it is expected to lay the groundwork for a new round of increases in 2025.
