ChainCatcher news, Matrixport released a chart today saying that two weeks ago, the Matrixport Greed and Fear Index fell to the lowest possible level. Today, the 21-day moving average is on 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 may affect the price of Bitcoin.

However, the reversal of this indicator suggests that Bitcoin may usher in a more positive period after the recent decline.