Bottom fishing is a taboo in trading. No one can accurately predict where the bottom is. The rational operation is to buy in batches at the relative bottom.

Fixed investment is a simple and effective way of investment. Even if you buy at a high point, the average price can be diluted in the long run, and the risk is low.

At the end of 2018: $BTC price is about $3200.

High point in 2019: reached about $13500, an increase of $10300.

At the end of December 2019: $BTC price callback to about $6500, callback $7000, callback range is about 68% (= 6500/10300).

Current cycle (2023-2024)

Low point in 2023: about $15500.

High point in 2024: about $73000.

Temporary pullback low in 2024: about $53,000, with a pullback of about 30%.

Compared with the 68% of the previous round of pullback, the pullback in this round is significantly smaller. This reflects the change in market sentiment and the increase in investors' belief in Bitcoin. In addition, the launch of ETFs will bring long-term capital inflows to Bitcoin, further supporting its price.

Market sentiment and cycle analysis

Although it is not yet possible to confirm whether Bitcoin has reached the bottom, from the perspective of market belief and capital inflow, the bottom of Bitcoin will not be too low. According to market cycle analysis, there may be further downward or volatile time in the future.

#ahr999数据指标 Indicator analysis

Index higher than 1.2: It means that the price of Bitcoin is in a bull market, and the entry pressure is high at this time, and it is easy to be locked.

Index between 0.45 and 1.2: It means that the average investment cost of Bitcoin is in a reasonable range, which is suitable for considering fixed investment.