PANews reported on April 29 that according to Matrixport analysis, the current price of Bitcoin is approaching the resistance level of $106,000, and momentum continues to accumulate. Since March 24, Bitcoin has attempted to break through the downward trend line of about $85,712. Although it has risen a month later, it is currently facing new resistance. If Bitcoin can break through the current resistance level, it will be expected to break through the $106,000 mark. The core factors driving this potential trend include the continued strength of the US stock market, Trump's release of more relaxed tariffs, and the continued inflow of stablecoin funds. In addition, as ETF fund inflows pick up, Bitcoin's momentum has increased, and the overall market structure trend is positive.
