Analysis: If Bitcoin breaks through the current resistance level, it is expected to surpass the $106000 mark

PANews
PANews|Apr 29, 2025 07:02
According to Matrixport analysis, the current price of Bitcoin is approaching the resistance level of $106000, and momentum continues to accumulate. Since March 24th, Bitcoin has been attempting to break through the downward trend line of approximately $85712, and although there has been some upward movement a month later, it is currently facing new resistance. If Bitcoin can break through the current resistance level, it is expected to surpass the $106000 mark. The core factors driving this potential trend include the continued strength of the US stock market, Trump's signal of looser tariffs, and the continued inflow of stablecoin funds. In addition, with the recovery of ETF fund inflows and the strengthening of Bitcoin's momentum, the overall market structure trend is improving.
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