PANews
PANews|Apr 07, 2025 07:12
Matrixport: The possibility of BTC retesting at $73392 is gradually increasing, with $87000 becoming a key resistance Matrixport's analysis today pointed out that although Bitcoin has shown strong resilience, the possibility of retesting the 38.2% Fibonacci retracement level (approximately $73392) is gradually increasing. Currently, Bitcoin has been repeatedly blocked at the 23.6% retracement level (approximately $87000), which has become a key resistance. The report points out that Trump's latest tariff policy has triggered widespread market liquidation and the background of rising risk aversion, both of which have put pressure on Bitcoin prices. In addition, US consumers' concerns about inflation have intensified, and Federal Reserve Chairman Powell recently hinted at maintaining the current interest rate stance, which may limit Bitcoin's short-term room to benefit from loose policies.
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