Matrixport: $62,000 is a key support level for Bitcoin

On April 29, Matrixport released its latest report showing that the cryptocurrency market urgently needs a positive catalyst, otherwise it could open the door to a significant price decline if Bitcoin fails to successfully test the $62,000 support level. At the end of February, Bitcoin rallied nearly $10,000 in five trading days. Previous gains could be at risk if the $62,000 support line fails to boost the price of Bitcoin.