Matrixport: Bitcoin’s 21-day moving average is trending up, which may indicate a key low
Odaily2024/07/16 08:09
By:Odaily
Odaily News Matrixport said in a post on X: Two weeks ago, we noticed that the Matrixport Greed and Fear Index had fallen to its lowest possible level. Today, the 21-day moving average is on an upward trend, which historically usually indicates a key low for Bitcoin. Whether this rebound can be sustained remains to be seen, as there are still multiple risk factors that may affect the price of Bitcoin. However, the reversal of this indicator suggests that Bitcoin may usher in a more positive period after the recent decline.
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