⭐⭐Matrixport: Another Rally Could Come If Bitcoin Recovers Strength in This Price Range ⭐⭐

According to Matrixport’s analysis, Bitcoin could enter a consolidation period after gaining over 40 percent in the last 30 days.$BTC

The report notes that such rapid increases have not been sustainable historically. After a 40 percent increase, Bitcoin has dropped its price by about 3 percent compared to a month ago, following a similar pattern seen in previous cycles.

New Entry Opportunities in the Bull Market

According to Matrixport analysts, ideal entry levels in bull markets are when prices have declined by 10 percent to 20 percent from their previous peaks. When evaluated from Bitcoin's current peak of $ 108,000, a consolidation period between $ 90,000 and $ 95,000 could represent these ideal entry levels.

The report also emphasizes that if prices remain above a 20 percent correction level, this cycle could pave the way for a new upward movement for 2025.

The Importance of Historical Data

Matrixport states that data from previous Bitcoin cycles plays a critical role in understanding current market movements. It states that consolidation processes experienced after rapid increases usually provide balance before the market begins a new uptrend. In this context, it is suggested that Bitcoin's current consolidation process could be the preparation phase for the expected major rally in 2025.

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