Crypto analytics firm Matrixport reported that Bitcoin (BTC) has entered oversold territory according to its technical indicators, a condition that has historically preceded price recovery phases. The report notes that BTC has retreated into a risk zone following a sharp correction, and these levels could represent a new opportunity to buy the dip.
However, analysts warned that although indicators like the RSI show some signs of stabilization, the market may still undergo further liquidation and rebalancing before confirming a bottom. Matrixport also emphasized that there are currently no strong macroeconomic factors supporting a sustained bullish trend.
The firm advised investors to remain cautious and suggested holding long-term positions while waiting for a clearer signal of bottom formation. According to the report, current conditions favor short-term rebounds, but the broader outlook still lacks the catalysts needed for a structural shift in Bitcoin’s price.
Source: https://x.com/Matrixport_EN/status/1985958518953054364
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