Matrixport: Short-term upside for Bitcoin if critical support levels hold

As Bitcoin navigates a narrowing wedge pattern since mid-November, key support levels remain critical. Influenced by inflation and Federal Reserve policies, the potential for a breakout looms, especially with optimistic market sentiments regarding President Trump’s proactive strategies.

Maintaining crucial support levels could enhance bullish sentiments around Bitcoin. Market experts foresee increased price action if these support levels hold, potentially catalyzed by political maneuvers and changing economic landscapes.

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