Matrixport: Bitcoin bull momentum still strong pass $105,075 even with economy wahala
Matrixport report talk say Bitcoin market go change because U.S. economy no dey stable and inflation fit still disturb. Before-before, Matrixport talk say if U.S. economy dey weak and Federal Reserve dey careful, Bitcoin no fit too climb, say $84,500 na where e go burst out from and $96,719 na where e go defend. But now, dem new analysis show big change: Bitcoin don break strong strong above e small small fall and where e dey gather power, now e don show say e go climb up well well. Dem say new money dey enter and fear about tariff don reduce. People no dey expect U.S. interest rate to come down much again, maybe just one time in 2024 because U.S. economy strong. Wetin important be say, Matrixport don see $105,075 as the main support level to keep the climbing up momentum. Traders suppose dey watch Bitcoin price around this level, because if e fall below am, the climbing up go fit change. Generally, even though dem bin dey fear say summer go get wahala and economy no too strong, Bitcoin technical look don better, but U.S. CPI data wey dey come and inflation wahala fit still make the market shakara for short time.
Bullish
Matrixport di kainn develop-develop tin tok seh Bitcoin don dey get better bullish momentum afta di price bin break out from short-term downtrend and consolidation triangle, show say di technical for di coin don improve. Di critical level for support na $105,075, dis one dey give traders clear point to watch; if price hold above dis level, momentum go still strong, but if e drop under, fit cause reverse. Even though dem still get concern about persistent inflation, cautious monetary policy, and possible summer wahala for market, di fresh capital wey dey enter and di fear wey tariff use dey fade, dey boost di current outlook. Short-term volatility fit happen around important economic data release like U.S. CPI, but overall di sentiment and di technical structure still positive. For traders dis mean say better chance to sustain upward movement dey, but make dem still dey alert around support levels.