According to BlockBeats, on July 2, Matrixport posted on the social platform that Bitcoin has broken through the downward trend.
On June 25, it was noted that Bitcoin had reached the “lowest possible level” in the Matrixport Greed and Fear Index, a level that is often associated with price recovery. On June 26, it was noted that Bitcoin was oversold. Over the weekend, Bitcoin broke its short-term downtrend.
Although there is still resistance to a continued rebound, from a strategic perspective, the rebound has already occurred.
