Greed

2024

Bitcoin

Reversal

Coin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin rebounds 5% as the Greed and Fear Index hits historical low, signaling potential bottom.</strong></li>
 <li><strong>Recent bounce off lower downtrend channel boundary suggests key technical support.</strong></li>
 <li><strong>BTC’s 1-day RSI at 47.62 and 1-week MACD show technical stability and short-term gains.</strong></li>
</ul>
<p>Bitcoin has shown resilience, bouncing back 5% in the past 24 hours according to Matrixport data. This recovery follows a dip in the Greed and Fear Index to a historically low level.</p>
<p>Such levels have often marked tactical bottoms in the market, suggesting that the cryptocurrency might be finding a temporary floor. This recovery aligns with technical expectations, particularly as Bitcoin has bounced off the lower boundary of its downtrend channel.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Matrixport</a> Today <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> – Sep 10: <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Rebounds 5% as Greed &amp; Fear Index Signals Tactical Bottom and Traders Eye Key Technical Levels<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cc.png" alt="📌" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/cryptomarket?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#cryptomarket</a> <a href="https://twitter.com/hashtag/MarketTrends?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MarketTrends</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/investing?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#investing</a> <a href="https://t.co/nKtYg9PrmE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/nKtYg9PrmE</a></p>— Matrixport Official English (the only official X) (@Matrixport_EN) <a href="https://twitter.com/Matrixport_EN/status/1833405044475236778?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2024</a>
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<p>The latest chart report from Matrixport highlights several critical points. <a href="https://coinedition.com/bitcoin-dominance-slips-as-altcoin-market-cap-soars-to-824-billion/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin’s </a>recent uptick underscores the effectiveness of the Greed and F…</p>
<p>The post <a href="https://coinedition.com/bitcoin-bounces-back-5-signaling-potential-market-reversal/" rel="noopener noreferrer nofollow">Bitcoin Bounces Back 5%, Signaling Potential Market Reversal</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Bounces Back 5%, Signaling Potential Market Reversal

Coin Edition

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