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.
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