š Alert: Bitcoin may be nearing the final phase of the bear market cycle!
According to analysis from CryptoQuant, an important signal has just appeared when the cost basis of short-term investors drops below that of long-term investors.
Notable details:
š Short-term cost basis: down from 112,500 USD to 69,000 USD
š Bear phase duration: about 9 months
š Signal: Late stage of the down market
In-depth perspective:
Brothers, donāt mistake this for a confirmed bottom or that the price will immediately rocket up. This is simply a sign that selling pressure from the short-term side is gradually easing.
Why pay attention? This is the golden time to consider a DCA (dollar-cost averaging) strategy. Only when short-term costs bounce back above long-term costsāthen and only thenāis it when the market is officially confirmed to have entered a bull cycle.
Do you think BTC will soon break above the 69,000 USD range to confirm a new uptrend wave?
š Daily hot news updates ā Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#BTC #CryptoMarket #Trading #Crypto #Bitcoin $BTC
According to analysis from CryptoQuant, an important signal has just appeared when the cost basis of short-term investors drops below that of long-term investors.
Notable details:
š Short-term cost basis: down from 112,500 USD to 69,000 USD
š Bear phase duration: about 9 months
š Signal: Late stage of the down market
In-depth perspective:
Brothers, donāt mistake this for a confirmed bottom or that the price will immediately rocket up. This is simply a sign that selling pressure from the short-term side is gradually easing.
Why pay attention? This is the golden time to consider a DCA (dollar-cost averaging) strategy. Only when short-term costs bounce back above long-term costsāthen and only thenāis it when the market is officially confirmed to have entered a bull cycle.
Do you think BTC will soon break above the 69,000 USD range to confirm a new uptrend wave?
š Daily hot news updates ā Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#BTC #CryptoMarket #Trading #Crypto #Bitcoin $BTC