Mars Finance News: On April 22, Matrixport shared its market analysis, stating that Bitcoin has broken through its previous downward channel and is currently performing better than the US stock market and bonds. More importantly, it has once again demonstrated its value as a hedge against dollar exposure, especially for US investors. This hedging role is similar to the one Bitcoin played in Argentina, Turkey, and parts of Southern Europe during the debt crisis over the past decade. As macroeconomic and geopolitical pressures rise, Bitcoin continues to confirm its importance in asset allocation. After this breakthrough, breaking through the key resistance level of $90,000 has become a realistic possibility.
Matrixport: Bitcoin breaks through the downward channel and aims at $90,000
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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