Matrixport: BTC is regaining momentum, bearish sentiment is weakening, and ETF flows are becoming a key catalyst.
Analysts #Matrixport export, who have released the last 2-3 reports on market prospects with noticeable bearish tones, are talking positively again. The reason is that after several weeks of consolidation around the 21-week moving average, #BTC is showing signs of revival again.
Negotiations between the USA and China have become one of the sources of optimism, adding momentum against the backdrop of easing fear in options. The fear and greed index has returned to levels typical for market reversals upward, and the stochastic indicator shows a counter-trend bullish structure.
As a result, Matrixport concludes that while the market is not yet ready to update historical highs, the phase of restoring confidence has already begun. ETF flows are becoming the main indicator of the strength of this trend. According to analysts, in the near future, investor attention will be focused on flows into spot ETFs. If they maintain a positive trend - this could support constructive growth and solidify new momentum.
