Deep Tide TechFlow News, March 10th, Matrixport released a chart today stating, “Since early February, Bitcoin has maintained a sideways consolidation overall. Despite escalating geopolitical tensions, weakening US employment data, and a global stock market correction(, with the Korean stock market experiencing a significant plunge), Bitcoin has still demonstrated strong resilience. Even with a sharp surge in oil prices over the weekend, Bitcoin only retreated to the support level around $66,000, which continues to serve as support.

In our previous daily report, we also mentioned that the possibility of Bitcoin regaining strength and returning to the $70,000 to $80,000 range is increasing. As the market gradually digests the impact of the Iran conflict, Bitcoin is expected to shake off geopolitical disturbances and move towards higher trading ranges.”