Matrixport: The rise in the Greed and Fear Index is a positive signal, but there are still multiple risk factors affecting the price of Bitcoin

MPANews reported on July 16th that Matrixport stated two weeks ago, we noticed that the MP Greed and Fear Index had dropped to a possible lowest level. Today, the 21-day moving average is showing an upward trend, which historically often indicates a key low point for Bitcoin. Whether this rebound can be sustained remains to be seen, as there are still multiple risk factors that could affect Bitcoin's price. However, this reversal of the index suggests that Bitcoin may enter a more positive period after its recent decline.