Matrixport: BTC approaches the $106,000 resistance level, and momentum continues to accumulate

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MarsBit
04-29
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According to Mars Finance, Matrixport stated that from the daily chart on March 24, Bitcoin was attempting to break through the descending trend line near $85,712. One month later, although Bitcoin has risen, it is currently facing new resistance levels. If Bitcoin can overcome the current resistance, it is expected to break through the $106,000 mark. The core factors contributing to this potential trend include: the continued strength of the US stock market, Trump's more relaxed tariff signals, and the continuous inflow of stablecoin funds, which were mentioned in yesterday's report. As ETF fund inflows warm up, Bitcoin's momentum strengthens, and the overall market structure trend looks favorable.

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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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