Matrixport: Bitcoin has broken through the previous downward channel and is currently outperforming the US stock market and bonds

ChainCatcher message, Matrixport released today's chart, analyzing that "Bitcoin has broken through the previous downward channel, currently outperforming the U.S. stock market and bonds. More importantly, it once again demonstrates its value as a hedge against dollar exposure, particularly prominent for U.S. investors. This hedging role is similar to the role Bitcoin played in the past decade in Argentina, Turkey, and certain regions during the Southern European debt crisis. As macroeconomic and geopolitical pressures rise, Bitcoin continues to affirm its importance in asset allocation. After this breakthrough, the key resistance level of Bitcoin breaking above $90,000 has become a realistic possibility."