PANews April 25 report: Matrixport's latest weekly report points out that Bitcoin's price has risen to $93,653, breaking through and stabilizing above the 21-week moving average, a crucial technical indicator for judging market bullish or bearish trends. The report suggests that although the macroeconomic environment has not fully returned to normal, the U.S. stock market still has moderate upward opportunities, providing support for risk assets, including Bitcoin.

Recently, Bitcoin broke through the 23.6% Fibonacci retracement level at $87,045, offering investors a positive operational signal, which can now be considered a reasonable stop-loss level for long positions. Although summer markets typically show range-bound fluctuations, Bitcoin still holds upward potential, especially with the recent strong performance of gold further boosting the rationale for allocating Bitcoin. The report emphasizes that global dollar asset holders are seeking diversification, reducing reliance on the dollar, and this process is expected to last several years.