Matrixport: Bitcoin is still in the bull market stage, -10% correction may be a strategic buying opportunity

Odaily News Matrixport released today's chart saying that since the bull market began at the end of 2022, Bitcoin has shown strong resilience, with 30-day price corrections rarely exceeding -10%. In contrast, in a bear market, Bitcoin's monthly decline is usually as high as 30% or more.
Last week, Bitcoin prices approached the -10% correction level, which is often seen as the bottom of consolidation in this bull market. On the other hand, sharp rallies, such as the +40% surges in March and November 2024, are usually good opportunities for profit-taking.
It is clear from the chart that Bitcoin is still in a bull market phase. As long as this trend continues, any -10% pullback compared to the price a month ago could be a strategic buying opportunity to follow the trend.