Analysis: Bitcoin breaks through the downward channel, breaking through the key resistance level of $90000 becomes possible

Matrixport analysis indicates that Bitcoin has broken through its previous downward channel, outperforming the US stock market and bonds, and strengthening its role as an asset hedge against the value of the US dollar. Especially for American investors, the hedging role of Bitcoin is particularly important, similar to its performance during the debt crisis in Argentina, Türkiye and southern Europe. With the increasing macroeconomic and geopolitical pressures, the importance of Bitcoin in asset allocation is constantly being validated. After this breakthrough, it is possible for Bitcoin to break through the key resistance level of $90000.