Matrixport: Bitcoin Approaches $106,000 Resistance Level with Momentum Building
Matrixport stated that on March 24, the daily chart showed Bitcoin attempting to break through the downward trend line near approximately $85,712. A month later, although Bitcoin has risen, it is currently facing a new resistance level. If Bitcoin can overcome the current resistance, it has the potential to break through the $106,000 mark.
The core factors contributing to this potential movement include the continued strength of the U.S. stock market, signals from Trump for more relaxed tariffs, and the continuous inflow of stablecoin funds, which were mentioned in yesterday's report. With ETF inflows recovering, Bitcoin's momentum is increasing, and the overall market structure trend is improving.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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