Matrixport analysis: If Bitcoin breaks through the current resistance level, it will be expected to break through the $106,000 mark
According to Matrixport's X post analysis, Bitcoin's current price is approaching the resistance level of $106,000 and continues to accumulate momentum. Bitcoin has been trying to break through the pressure trend line of about $85,712 since March 24, and after more than a month of accumulation, although prices have risen, it is currently facing new challenges.
Analysts believe that if Bitcoin can successfully break through the current resistance level, it is expected to further break through the $106,000 mark. Behind this potential trend is the joint driving force of multiple factors. The continued strengthening of the US stock market, Trump's release of looser tariff signals, and the continued inflow of stablecoin funds have all provided strong support for the upward trend of Bitcoin.
At the same time, as ETF capital inflows recover, Bitcoin's momentum has further enhanced, and the overall market structure has also shown a positive development trend.
Most analysts agree with Matrixport's analysis, but some analysts believe that according to the MACD energy bar and RSI approaching the oversold zone, Bitcoin's current short-term pullback is more likely.
Conclusion:
In summary, the future trend of Bitcoin has always attracted investors' attention, and the current technical and fundamental factors seem to indicate the possibility of a breakthrough.
However, the cryptocurrency market is volatile and there is uncertainty in any prediction. Investors need to be cautious, analyze rationally, and never follow the trend blindly.
Do you think Bitcoin can successfully break through the $106,000 resistance this time? What factors have a key impact on Bitcoin’s subsequent trend?
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