Matrixport: The 21-day moving average is trending upward today, which historically indicates a key low point for BTC

ChainCatcher news, Matrixport released a chart today stating that two weeks ago, the greed and fear index of Matrixport dropped to possibly the lowest level. Today, the 21-day moving average shows an upward trend, which historically usually indicates a key low for Bitcoin. Whether this rebound is sustainable remains to be seen, as there are still multiple risk factors that could affect Bitcoin's price.

However, the reversal of this indicator suggests that Bitcoin may be entering a more positive period after its recent decline.