According to Foresight News, Matrixport, a digital assets financial services company, has announced on social media that Bitcoin has broken its downtrend. The firm pointed out that on June 25, Bitcoin reached what could be its 'lowest possible level' in the Matrixport Greed and Fear Index, a level typically associated with a price rebound. On June 26, it was suggested that Bitcoin had been oversold. Over the weekend, Bitcoin broke its short-term downtrend. Although there is still resistance to a sustained rebound, tactically, the rebound has already occurred.
Bitcoin Breaks Downtrend, Indicates Matrixport
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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