PANews reported on December 24 that Matrixport data showed that after Bitcoin surged by more than 40% in 30 days, it usually entered a consolidation period, and the current price is about 5% lower than a month ago. Historical data shows that Bitcoin often experiences a correction after completing a similar increase, which is consistent with the laws of previous cycles. In a bull market, a 10% to 20% correction in prices from recent highs usually forms an ideal re-entry range.

For example, if Bitcoin pulls back from its high of $108,000 to the $90,000 to $95,000 range, this could become an excellent pullback area. As long as the price remains within the -20% pullback range and continues the current cycle trend, it is expected to lay the foundation for a new round of gains in 2025.