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Does Matrixport’s Prediction of BTC $63000 Aligns Bitcoin Technical Analysis?

source-logo  coingape.com 24 February 2024 22:11, UTC

Bitcoin Technical Analysis: For nearly two weeks, the leading cryptocurrency Bitcoin has traded sideways resonating with two horizontal levels of $53050 and $50600. The consolidation accompanied by short-body candles and long wicks reflects uncertainty among market participants. Despite the lateral movement Matrixport recently released a bullish outlook for BTC with the potential of $63000 in March 2024.