Matrixport published today that although Bitcoin has shown strong resilience, the possibility of its remeasurement of the 38.2% Fibonacci retracement level (about $73,392) is gradually increasing. At present, Bitcoin has repeatedly been blocked at the 23.6% retracement level (about $87,000), which has become a key resistance.
The report pointed out that the widespread market liquidation triggered by Trump's latest tariff policy and the background of rising risk aversion are all weighing on the price of bitcoin. In addition, the US consumer's concerns about inflation have intensified, and Federal Reserve Chairperson Powell has recently hinted that maintaining the current interest rate stance may limit the room for bitcoin to benefit from easing policy in the short term.
Matrixport: The possibility of BTC retesting $73,392 is gradually increasing
2025-04-07 07:10:28
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