Matrixport: Bitcoin has broken the downward trend

ChainCatcher news, Matrixport released today's chart stating that Bitcoin has broken the downward trend. The institution analyzed that the greed and fear index chart from June 25 shows that Bitcoin has reached a "possible low level," which is usually associated with price rebounds. Previously, on June 26, Matrixport pointed out that Bitcoin was oversold. Last weekend, Bitcoin broke through the short-term downward trend. Although the ongoing rebound is still hindered, from a strategic perspective, a rebound has already occurred.