Matrixport: A New Round of Breakthrough for Bitcoin May Be Coming Soon

ChainCatcher news, Matrixport stated on platform X that although Bitcoin's upward movement faces multiple resistances, its price has rebounded above the range and may welcome a new breakthrough. Due to market concerns that the U.S. government will transfer Bitcoin (reportedly just moved to a new custody account), yesterday's attempt to break through the trend line ended in failure.

Additionally, profit-taking may have occurred ahead of this week's FOMC meeting. Regardless of the reason, this setback seems to be temporary, and a new round of breakthroughs may be on the horizon.