Matrixport: Expectations heat up for Bitcoin to return to the $70,000–$80,000 range

SmartContractAuditor · 2026-03-10T07:56:15+00:00

The report released by Matrixport shows that since early February, Bitcoin has remained sideways, maintaining resilience despite geopolitical tensions and a pullback in global stock markets. Analysis indicates that Bitcoin is expected to rebound to the $70,000 to $80,000 range.

SmartContractAuditor

2026-03-10 07:56:15

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Odaily Planet Daily reports that Matrixport released a chart today indicating that since early February, Bitcoin has remained largely sideways. Despite escalating geopolitical tensions, weakening U.S. employment data, and a global stock market correction (with the Korean stock market experiencing a significant plunge), Bitcoin has shown strong resilience. Even with a sharp rise in oil prices over the weekend, Bitcoin only retreated to around $66,000 support level, which continues to hold.

In our previous daily reports, 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 toward higher trading levels.

BTC2.97%

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