Matrixport released an updated market analysis on December 24th, indicating that Bitcoin’s recent decline signals a necessary correction following an impressive 40% increase. This trend mirrors patterns observed in prior market cycles. Presently, Bitcoin’s valuation has decreased by around 3% over the past month.
In bullish market conditions, a retracement ranging from 10% to 20% from recent peaks is often considered a prime re-entry opportunity for investors. For instance, with Bitcoin reaching a high of $108,000, a consolidation range of $90,000 to $95,000 could serve as a favorable pullback zone. Maintaining price levels within a -20% retracement while sustaining the current upward trajectory may provide a robust foundation, setting the stage for potential growth in 2025.