Matrixport: The conditions for Bitcoin's rebound are gradually taking shape

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Deep Tide TechFlow News, March 13 — Matrixport released a chart today stating, "Currently, the crypto market sentiment is weak, and overall trading volume remains low. Many traders have shifted their attention to other assets such as gold and crude oil.

However, beneath the calm surface, some changes are taking place. Bitcoin has declined for five consecutive months, which is quite rare in history, and similar trends often precede a phased rebound. Meanwhile, the total market cap of altcoins has also fallen back into a range that has historically triggered multiple rebounds. Although our altcoin model has not yet officially turned bullish, the number of tokens that have regained the 30-day moving average and passed momentum screening has increased significantly. As funds from stablecoins flow back into the market, liquidity conditions are also continuously improving.

Overall, these signals suggest that the possibility of a market rebound is gradually increasing."

BTC2,6%
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