Matrixport: Price breaks below key level, market has entered confirmed bear market stage

BTC4,55%

ChainCatcher reports that, according to the weekly report released by Matrix on Target, Bitcoin’s price has fallen below the key level indicated by analysts, confirming the downward trend. The current retracement magnitude and pace of Bitcoin are similar to the decline phases in historical cycles. Market discussion has shifted from “whether the trend is turning” to “when the next more favorable window for allocation will arrive.”

Looking back, analysts successfully identified the start of Bitcoin’s bull market and predicted that the cycle top could reach $125,000. Between late 2024 and October 2025, Bitcoin has repeatedly shown signs that the fifth bull market is nearing its end, indicating that bullish momentum is gradually waning. As the price breaks below key levels, the market has entered the bear market confirmation stage.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Reclaims $76,000 as US March PPI Misses Forecasts

Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.

GateNews11m ago

BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility

2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly. The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025

GateNews16m ago

Bitcoin Reclaims $75,000 for Second Time Since US-Iran Conflict, Up 7% in 24 Hours

Bitcoin surged to $75,000 amid rising U.S.-Iran tensions, adding $98 billion to its market cap and causing $500 million in liquidations. Technical analysts suggest that holding support above $67,000 could lead to an increase toward $80,000, despite highlighting $50,000 as a critical level if support fails.

GateNews54m ago

BTC 跌破 75000 USDT

Gate News bot 消息,Gate 行情显示,BTC 跌破 75000 USDT,现价 74993.6 USDT。

CryptoRadar1h ago

Goldman Sachs files a Bitcoin premium income ETF application with U.S. regulators

Gate News message, according to the submitted filings, Goldman Sachs has filed an application with regulatory authorities for a Bitcoin Premium Income ETF.

GateNews1h ago

Whale "pension-usdt.eth" Faces $11.7M Loss on BTC and ETH Short Positions

Gate News message, as the market rises, whale "pension-usdt.eth" is now sitting on a floating loss of over $11.7M on its $BTC and $ETH 3x short positions.

GateNews1h ago
Comment
0/400
No comments