Matrixport's latest weekly report pointed out that the price of bitcoin has risen to $93,653, breaking through and stable above the 21-week moving average, which is an important technical indicator to judge the long and short trend of the market. The report believes that although the macro environment has not fully returned to normal, there are still opportunities for moderate upside in the US stock market, providing support for risky assets including bitcoin.
Bitcoin recently broke through the 23.6% Fibonacci retracement level of $87,045, providing a positive operating signal for investors, which can now be regarded as a reasonable stop loss level for long positions. Although the summer market is usually characterized by range fluctuations, Bitcoin still has upside potential, especially the recent strong movement of gold further strengthens the case for allocating to Bitcoin. The report highlights that global holders of US dollar assets are seeking to diversify their assets and reduce their reliance on the US dollar, a process that is expected to continue for several years.
Analysis: Bitcoin stabilizes above the 21-week moving average, with $87,045 as a key stop loss
2025-04-25 08:30:02
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析：比特币稳定在21周均线之上，87,045美元成关键止损位Next article：
Wintermute过去2小时已累计从Binance转出519万枚LAYER，约合1167万美元
