Matrixport: If Bitcoin consolidates in the range of 90,000 to 95,000 US dollars, it may be building momentum for a rebound in 2025
Matrixport updated its market analysis: The recent adjustment of Bitcoin indicates a pullback after completing a 40% increase, which is consistent with the pattern of previous cycles. The current price has fallen about 3% from a month ago.
In a bull market, prices often form an ideal re-entry range when they pull back 10% to 20% from recent highs. Taking the high point of Bitcoin at $108,000 as an example, if the price consolidates between $90,000 and $95,000, this could become an excellent pullback range. As long as the price stays within -20% of the pullback range and continues the current cycle trend, it is expected to lay a solid foundation for another round of increases in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
S&P expects SK Hynix to launch another maximum 40 trillion won buyback in the fourth quarter, coupled with generous dividends, providing new catalysts for Korea's Value-up market trend.
S&P Global Market Intelligence predicts that SK Hynix may announce a new stock buyback plan worth between 20 trillion and 40 trillion Korean won in the fourth quarter of this year. This news pushed its ADR to surge more than 6% on Tuesday, and its Korean stock price once jumped 5% on Wednesday. S&P noted that, alongside Samsung Electronics’ cancellation of treasury stocks and large-scale dividends, these two giants are expected to set a new benchmark for corporate governance in the Korean capital market, helping to resolve the long-standing "Korea discount" dilemma.
The higher the yen rises, the more retail investors short! 3.61 trillion yen short bets defy the trend, triggering a short squeeze warning
Even though the yen has reached its highest level in months, Japanese retail investors continue to bet that its sharp rebound will come to an end, and are consistently increasing their short positions.
EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
Abraxas Capital hedges $353M ETH short with $32M buy – Here’s why
Crypto prices
More
