TechFlow, on September 29, Matrixport released a chart of the day stating, "Our Greed and Fear Index is nearing the lower end of its range. Historically, such levels often correspond to tradable bottoms.
Ideally, moving averages should steadily rise, indicating a smoother and more predictable rebound. However, current market conditions suggest Bitcoin's movement is more technically driven.
Prices are currently hovering around the lower boundary of the range, providing some tactical basis for long positions, but traders should still monitor Bitcoin's retest of key long-term moving averages."
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