PANews reported on April 29 that according to Matrixport analysis, Bitcoin's current price is approaching the $106,000 resistance level, with momentum continuously accumulating. Since March 24, Bitcoin has been attempting to break through the downward trend line at around $85,712, and although it has risen somewhat in the past month, it currently faces a new resistance. If Bitcoin can break through the current resistance level, it is expected to surpass the $106,000 mark. The core factors driving this potential trend include the continued strength of the US stock market, Trump's signals of more relaxed tariffs, and the ongoing inflow of stablecoin funds. Additionally, as ETF fund inflows warm up, Bitcoin's momentum is strengthening, and the overall market structure is trending positively.
