TechFlow News: On March 10, Matrixport released its chart of the day, stating, “Since early February, Bitcoin has largely traded sideways. Despite escalating geopolitical tensions, weakening U.S. employment data, and broad-based corrections across global equity markets—including a sharp decline in South Korea’s stock market—Bitcoin has demonstrated notable resilience. Even amid a significant weekend surge in oil prices, Bitcoin merely retraced to the support level near $66,000, which continues to hold.
We noted in our previous daily report that the likelihood of Bitcoin regaining strength and returning to the $70,000–$80,000 range is rising. As markets gradually digest the impact of the Iran conflict, Bitcoin is poised to decouple from geopolitical noise and recover toward higher price levels.”
