Matrixport: Bitcoin Has Not Yet Re-established a Firm Footing Above the Moving Average, a Short-term Rebound May Occur

Odaily News Matrixport released its chart for today, stating that the 21-week moving average is one of our core indicators for observing shifts between bullish and bearish sentiment in Bitcoin. Looking back at multiple market cycles, it has often provided effective follow-up signals during uptrends while also highlighting risks during sharp corrections, helping investors avoid significant downward swings.

When Bitcoin fell below this level in the fourth quarter, we warned that the correction could deepen further. Although a phased rebound occurred in late December, it quickly encountered resistance and retreated after approaching the 21-week moving average, failing to reclaim it. Currently, Bitcoin has not yet re-established a firm footing above the moving average, indicating that the overall market remains in a corrective phase.

A short-term tactical rebound may still occur, but no clear signals sufficient to support a sustained uptrend are currently visible.