Matrixport: Stochastic indicators suggest that the market may not be close to a rebound

Matrixport posted that Bitcoin is currently in another correction phase. Historically, Bitcoin has rallied significantly in the past four times when the Stochastics Index fell to 15%. However, the indicator is still at the 25% level, indicating that the market may not be close to the time to rebound. Until the stochastic indicator approaches the crucial 15% threshold, now may not be the ideal time to "bottom fishing" Bitcoin.