According to PANews, Matrixport data shows that after Bitcoin surged by over 40% in 30 days, it typically enters a consolidation phase. Currently, the price has dropped about 5% compared to a month ago. Historical data indicates that Bitcoin often experiences a pullback after such significant gains, which is consistent with past cycle patterns. In a bull market, a price pullback of 10% to 20% from recent highs usually creates an ideal re-entry zone.
For example, if Bitcoin pulls back from its high of $108,000 to the 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 may lay the groundwork for a new round of increases in 2025.
