Matrixport: Bitcoin has not yet stabilized above the moving average, and a short-term rebound is possible

Matrixport released a chart today stating that the 21-week moving average is one of the core indicators we observe for the bullish-bearish switch in Bitcoin. Looking back at multiple market cycles, it often provides effective follow-up signals during upward trends, while also indicating risks during sharp pullbacks, helping investors avoid significant downward swings. When Bitcoin broke below this level in the fourth quarter, we warned that the pullback could deepen further. Although there was a temporary rebound in late December, it quickly faced resistance and fell back after approaching the 21-week moving average, and has never managed to recover since.

Currently, Bitcoin has not yet stabilized above the moving average, indicating that the overall market is still in a correction phase. A short-term tactical rebound may still occur, but there are currently no clear signals to support an upward movement.