PANews reported on March 13th that Matrixport stated in its weekly report that current crypto market sentiment is weak, with overall trading volume remaining 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 fallen for five consecutive months, which is historically rare, and similar price movements often precede subsequent rebounds. Meanwhile, the total market capitalization of altcoins has also fallen back to the range where previous rallies have often begun. Although our altcoin model has not yet officially turned bullish, the number of tokens that have regained their 30-day moving average and passed momentum screening has increased significantly. Liquidity conditions are also continuously improving as stablecoin funds flow back into the market. Overall, these signals indicate that the possibility of a crypto market rebound is gradually increasing.
Analysis: Conditions for a Bitcoin rebound are gradually forming.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
PANews App
24/7 blockchain news tracking and in-depth analysis.

