According to PANews, Matrixport, in its latest report, has warned that the cryptocurrency market urgently needs a positive catalyst. Without it, if Bitcoin fails to successfully test the support line of $62,000, it could potentially trigger a significant price drop. At the end of February, Bitcoin had risen nearly $10,000 within five trading days. If the $62,000 support line fails to boost Bitcoin's price, the previous gains could be at risk.