Matrixport: Bitcoin has broken the downward trend
Matrixport stated on the X platform that Bitcoin has broken through its downward trend. The institution's analysis said: "On June 25, our greed and fear index chart pointed out that Bitcoin has reached a 'possible lowest level', which is usually associated with a price rebound. On June 26, we noted that Bitcoin was oversold. Over the weekend, Bitcoin broke through its short-term downward trend. Although the continuous rebound is still hindered, strategically speaking, the rebound has already occurred."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Influenced by the news of "listing on Upbit", W briefly rose above $0.4
Animoca Brands deposited 8 million PIXEL to CEX 4 hours ago
Market: In the past 24 hours, Eigenlayer (EIGEN) fell 11.6%, and Wormhole (W) rose 19.6%
Matrixport: Bitcoin has a significant effect on improving Sharpe ratio and performance