Bitcoin Price Metric Hits ‘Optimal DCA’ zone not seen since BTC exchanged for $ 50k to $ 70k range
Bitcoin’s (BTC) The price dropped to a new annual low to $ 78,258 in Feb.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
The 60-day RCV hint of bitcoin in the accumulation of low risk
Crazzyblock, a bitcoin businessman and proven analyst in cryptoquant Says The 60 -day RCV of Bitcoin reached the lowest -1.9 level on the chart, which signed a ‘best DCA’ chance for the first time since July 2024.
Bitcoin 60-day RCV chart. Source: cryptoquant
The 60-day realized value in market capitalization of the market (RCV) is a scale that calculates the 60-day average rotation and standard deviation of BTC prices. According to the scale, whenever the RCV value is under 0.30, it indicates a low risk of property investment. A value between 0.30-0.50 indicates a neutral environment, and more than 0.5 means a high risk of seller.
The analyst Taught Out that the scale has become accurate in the history of recognizing undervaluation and overvaluation trends for BTC, and the current normalized RCV value presents a favorable purchase opportunity based on the “historic danger-rewarded dynamics.” BTC proponent added,
“Long-term investors should consider scaling BTC positions through a DCA approach as risk-adjusted conditions will remain optimal.”
In 2024, the RCV value exploded a DCA signal between May and July, where Bitcoin changed between $ 70,000 and $ 50,000. Thus, it is important to note that the RCV does not signal a bottom but highlights the low risk, high probability of producing those who have been acquired in the long run.
Crypto analyst Yonsei Dent Taught Short -term Bitcoin holder Sopr (spent output ratio of income), realizing monitors or losses, reached a sharp deviation below the lower bolling band.
Bitcoin Sopr deviation data. Source: cryptoquant
Based on such deviations, the BTC has registered a short-term rebound between 8%-42%, with recovery also evident during the 2022 bear market.
Related: How low is the price of bitcoin?
Bitcoin purse with 10+ BTC dump 6,813 coins
Data from the Santiment suggests that the price of BTC is linked to the accumulation and distribution of pursuit of 10+ BTCs. Whenever these addresses are accumulated, the value of bitcoin gradually increases.
The Bitcoin Whales and Sharks Accumulation Chart by Santiment. Source: x.com
Santiment din Highlighting That the “main stakeholders” have thrown about 6,813 BTCs last week, its widest distribution since July 2024.
Like this, ki-baby ju Taught The area demanded by the Bitcoin ETF area is weak, suggesting that a “price recovery may take some time.”
Related: Does BTC price supplement a $ 78k bitcoin futures gap?
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
