Matrixport: Bitcoin may pull back to the recent support level of $73,000, corresponding to BlackRock's IBIT at around $40

2025-02-26 15:08:46

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ChainCatcher news, Matrixport released today's chart, Wall Street has become an important player in Bitcoin, and Bitcoin's 60% market dominance remains a key benchmark for the crypto market, with institutional trading behavior increasingly influencing its price trends. Concerns about the potential six-month delay in Trump's proposed tariffs and Bitcoin strategic reserve plan may be one of the reasons for the technical top pattern appearing on the current chart.

BlackRock's IBIT ETF recently had an important trading day, with a single-day trading volume reaching $5.1 billion, which, while not a historical high, is still a considerable figure. From a technical perspective, Bitcoin may pull back to the recent support level of $73,000, corresponding to the IBIT ETF's price level of about $40.

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