The price of Bitcoin (BTC) fell to the lowest annual level of $ 78258 on February 27, prompting some analysts to suggest that the cryptocurrency is now in an ideal purchase area.
Bitcoin 1 on the day of the graph. Source: CointeleGRAPH/TradingView
RCV hints for 60 days from Bitcoin when the low risk accumulates
Crazzyblock, Bitcoin and a check -up analyst on Cryptoquant He said The 60 -day RCV from Bitcoin has reached its lowest -1.9 level in the chart, indicating the “optimal DCA opportunity” for the first time since July 2024.
Bitcoin 60 Day RCV. Source: Cryptoquant
The 60 -day achieved value for the variation of the market value (RCV) is a scale that calculates the average average for a period of 60 days and the standard deviation of the BTC price. According to the scale, the higher the RCV value of 0.30, it indicates a low -risk investment in the first place. It includes a value between 0.30-0.50 neutral environments, exceeding 0.5 means high sale risks.
analyst Duplicate Until the scale was historically accurate in determining the trends of appreciation and excessive value of BTC, and the current natural RCV value provides an opportunity to buy favorable based on the “dynamics of historical risk control”. Al -Moayad added BTC,
“In the long -term investors should think about scaling on BTC sites through the DCA strategy where the modified conditions remain perfect.”
In 2024, the RCV value drew the DCA signal between May and July, where bitcoin flipped between $ 70,000 and $ 50,000. Thus, it is necessary to note that RCV does not indicate a bottom but highlights the high probability of high risk in achieving long -term gains.
Yonsi Dent encryption analyst Duplicate By Sopres SOPR (consumed output profit ratio), which made profit or losses, has reached a sharp deviation to the bottom of the lower range.
SOPHDS. Source: Cryptoquant
Based on such deviations, BTC recorded a short -term recovery between 8 % -42 %, with a clear restoration also during the 2022 bear market.
Related: How low Bitcoin price?
Bitcoin Governor with 10+ BTC Dump 6,813 Coins
Data from Santiment indicates that the BTC price has been linked to the accumulation and distribution behavior of the wallets that contain 10+ BTC. The more these titles accumulate, the more bitcoin increases in value.
Bitcoin whales and sharks accumulated the graph by Santmi. Source: x.com
Also High The “main stakeholders” threw about 6,813 BTC during the past week, which is the most comprehensive distribution since July 2024.
Likewise, Ki Yong Jo Duplicate By the Bitcoin's ETF Spot request, it indicates that “price recovery may take some time.”
Related: Is the price of BTC about to fill the future Bitcoin gap at a value of $ 78,000?
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
Comments are closed, but trackbacks and pingbacks are open.