Matrixport analysts believe that the BTC rate has already broken the downward trend.
On June 25, the top cryptocurrency hit its “lowest possible level” on the Matrixport Greed and Fear Index, a level often associated with a price recovery.
Quote from #Matrixport:
“On June 26, we noted that#BTCwas oversold; then last weekend BTC broke the short-term downtrend.
Although there is still resistance to the continuation of the recovery, from a technical point of view the rebound has already occurred."
