Cryptocurrency financial services firm Matrixport has released a market update suggesting that Bitcoin’s current consolidation phase could pave the way for a significant recovery in 2025.
The analysis notes that Bitcoin’s recent correction following a 40% rally is in line with historical patterns observed in previous market cycles.
Bitcoin is currently trading around 3% below its price from a month ago, with a recent high of $108,000. Corrections of 10% to 20% are common in a bull market, according to Matrixport, and often provide an ideal re-entry point for traders and investors.
“If Bitcoin consolidates between $90,000 and $95,000, this range could represent an excellent correction zone,” Matrixport said. This range is within the -20% correction threshold, which the firm sees as a key indicator for resuming the bullish trend of the current market cycle.
Matrixport predicts that maintaining the $90,000 to $95,000 consolidation range will provide a strong foundation for Bitcoin’s next phase of growth. If the price can stabilize in this range and sustain a broader uptrend, BTC could gain enough momentum for a renewed rally in 2025, the firm says.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/chinese-analytics-company-reveals-bitcoins-recent-decline/