BIT Official: $60,000–$65,000 Support Range Remains Strong, Bitcoin's Current Rally Expected to Continue
On July 20, BIT Official released its daily chart analysis, stating that despite the market positions remaining bearish and trading volume being light, its proprietary 'Greed and Fear Index' continues to improve, further confirming the positive market outlook presented in the latest weekly report. Historically, whenever the 21-day moving average of this index turns upward, Bitcoin's price typically rises as well, and this signal often corresponds with significant phase bottoms. The $60,000–$65,000 support range remains strong, coupled with the ongoing improvement in market sentiment, indicating that Bitcoin's current rally is likely to continue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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