Analysis: Bitcoin's resilience remains, with expectations heating up to return to the $70,000 to $80,000 range

MarsBitNews · 2026-03-10T09:01:41+00:00

Matrixport analysis indicates that since February, Bitcoin has demonstrated resilience amid geopolitical tensions and weak economic data, remaining around the $66,000 support level, with potential to rebound to the $70,000 to $80,000 range.

MarsBitNews

2026-03-10 09:01:41

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Mars Finance News: Matrixport published an analysis stating that since early February, Bitcoin has remained largely sideways. Despite escalating geopolitical tensions, weakening U.S. employment data, and a global stock market correction (including a sharp decline in the Korean stock market), Bitcoin has shown strong resilience. Even with a significant surge in oil prices over the weekend, Bitcoin only retreated to the support level around $66,000, which has continued to hold. The firm also mentioned in previous daily reports 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 toward higher trading ranges.

BTC3.55%

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