Matrixport: Election volatility eases, Bitcoin is expected to rise further by the end of the year

ChainCatcher news, Matrixport released a daily chart report, indicating that Bitcoin experienced a slight sell-off at the critical moment of the election, with the Greed and Fear Index retreating from the overbought "Greed" zone to a more balanced level, creating conditions for subsequent increases.

As the results of the U.S. presidential election become clearer, the market is expected to welcome a year-end rally in risk appetite. With the election situation being tight and volatility continuing to rise, once volatility decreases, traders will be in a better position to increase their positions.

Against the backdrop of strengthening upward momentum in Bitcoin, the Greed and Fear Index is also expected to rise further.