Foresight News|Mar 10, 2026 08:25
**[Matrixport: Bitcoin Expected to Return to the $70,000-$80,000 Range]**
Foresight News reports that Matrixport tweeted that Bitcoin has largely maintained sideways consolidation since early February. Despite escalating geopolitical tensions, weakening U.S. employment data, and a general pullback in global stock markets (with South Korean stocks experiencing a sharp decline at one point), Bitcoin has demonstrated strong resilience. Even as oil prices surged significantly over the weekend, Bitcoin only dipped to the support level near $66,000, which has continued to hold. The likelihood of Bitcoin regaining strength and returning to the $70,000-$80,000 range is increasing. As the market gradually absorbs the impact of the Iran conflict, Bitcoin is expected to shake off the disturbances caused by geopolitical factors and recover to higher trading ranges.
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