TechFlow news, on December 24, Matrixport released a chart indicating that Bitcoin's recent correction reflects a pullback after completing a 40% rally, consistent with patterns observed in previous cycles. The current price is approximately 3% lower than it was one month ago.
In a bull market, a 10% to 20% retracement from recent highs often forms an ideal re-entry zone. Taking Bitcoin's peak of $108,000 as an example, consolidation in the range of $90,000 to $95,000 could represent an excellent pullback opportunity. As long as prices remain within a -20% retracement range and continue following the trajectory of the current cycle, this could lay a solid foundation for a new upward move in 2025.
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