📰 Matrixport: Bitcoin has strengthened momentum and is expected to break through the $106,000 mark Matrixport @Matrixport_CN released today's chart, saying that from the March 24 daily chart, Bitcoin was trying to break above the descending trend line near about $85,712 at that time. A month later, Bitcoin, despite some upside, is now facing a new resistance level. If Bitcoin can overcome the current resistance level, it is expected to break through the $106,000 mark. The core factors contributing to this potential move include the continued strength of the US stock market, Trump's signal of more accommodative tariffs, and the continued inflow of stablecoin funds, which were mentioned in yesterday's report. With the recovery of #ETF capital inflows, Bitcoin's momentum has strengthened, and the overall market structure trend is improving.

2.34K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.