According to a recent market analysis by Matrixport, Bitcoin’s current price correction presents a potential buying opportunity, setting the stage for a rebound in 2025. The cryptocurrency investment platform notes that Bitcoin’s recent 40% surge followed by a correction aligns with historical cyclical patterns. Currently, Bitcoin’s price hovers around 3% lower than its value a month ago.
BTC is currently trading about 3% lower than its price a month ago, with a recent high of $108,000. According to Matrixport, corrections of 10% to 20% in a bull market are common and often provide an ideal re-entry point for traders and investors.
Matrixport highlights that in a bull market, a 10% to 20% correction from recent highs often creates an optimal re-entry point. Using BTC’s recent peak of $108,000 as a reference, the firm suggests that a consolidation phase between $90,000 and $95,000 would represent an excellent correction range.
