Matrixport: The 21-day moving average of Bitcoin is showing an upward trend, whether the rebound can continue remains to be observed

Matrixport posted on social media that two weeks ago, we noticed that the Matrixport Greed and Fear Index had dropped to its possible lowest level. Today, the 21-day moving average is showing an upward trend, which historically often indicates a key low point for Bitcoin. Whether this rebound can continue remains to be seen as there are still multiple risk factors that could affect the price of Bitcoin. However, this reversal of the index suggests that Bitcoin may enter a more positive period after its recent decline.