Bitcoin Eyes $106K Breakout as Momentum Builds!
๐๐ฅ April 29 โ PA News
According to Matrixport analysis, Bitcoin (BTC) is powering up and approaching a key resistance level at $106,000! ๐ Since March 24, BTC has been battling to break above a descending trendline around $85,712. One month later, the bulls are back with stronger momentum! ๐ฅ
If BTC successfully smashes through this resistance, it could skyrocket past $106K โ setting the stage for a new wave of gains! ๐ธโจ
Key drivers behind this bullish trend include:
๐ Continued strength in the U.S. stock market
๐บ๐ธ Trump signaling more accommodative tariffs
๐ช Rising stablecoin inflows
๐ง Warming ETF fund inflows
With the market structure turning increasingly bullish, all signs point to a potential breakout! Stay tuned โ the crypto ride is heating up! โก๏ธ๐ค
