Coin-Turk 7 minutes ago
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The recent decline in Bitcoin 
$92,437 prices has raised concerns among market participants about future trends. This situation has also affected the performance of other leading cryptocurrencies.
Matrixport’s Annual Trend Analysis
Matrixport, a prominent crypto research firm, suggests that Bitcoin could experience a rebound in the new year. In a statement on the X platform, the firm highlighted Bitcoin’s significant rise in recent months followed by a period of consolidation.
“Bitcoin is digesting the excitement of recent weeks,” stated Matrixport, emphasizing that low trading volumes during the holiday season might indicate a temporary pause. Market participants anticipate renewed activity as 2025 approaches.
Expert Opinions and Market Expectations
Some experts maintain a cautious stance towards short-term downturns, believing that cryptocurrencies will perform robustly in the long run. Peter Brandt suggested that Bitcoin could reach $108,000 again in the future.
“Bitcoin may experience a strong surge in the new year,…
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