Bitcoin’s flirtation with $112,200 proved fleeting. Now hovering near $116,300, the crypto king is teasing investors. Will it ever conquer the $120,000 fortress? On-chain whispers hint at a hidden agenda: accumulation. Could this be the quiet before a thunderous surge to new, uncharted all-time highs?
Bitcoin Currently In Accumulation Phase, Analyst Says
Tired of haphazard Bitcoin buys? CryptoQuant analyst BorisVest unveils “Smart DCA,” a strategic spin on dollar-cost averaging designed to help Bitcoin investors stack sats smarter and potentially boost long-term returns.
BorisVest’s sharp eye reveals a common investor pitfall: the BTC timing trap. Lured by FOMO’s siren song, they often pile in at market peaks, only to recoil in terror during dips, paralyzed by the specter of further losses.
Instead of panic selling, imagine capitalizing on market dips. Smart DCA offers a data-driven approach, recommending Bitcoin accumulation when its price dips below the 1-week to 1-month realized price a zone where short-term holders often bleed, triggering impulsive sell-offs. BorisVest breaks it down:
When Bitcoin dips this low, the rookies panic and sell, but that’s precisely when Smart DCA kicks in. It’s like a safety net, buying Bitcoin incrementally every hour, turning market fear into your advantage and averaging down your cost like a seasoned pro.
Bitcoin’s short-term realized price, hovering around $117,700, is the key to Smart DCA’s strategy. Until Bitcoin breaks through this price ceiling, consider it an “accumulation zone” a prime opportunity to build your position. However, once Bitcoin surges past $117,700, Smart DCA signals a shift: it’s time to strategically lighten your holdings, capitalizing on the upward momentum.
Bitcoin flirts with all-time highs! Nearing $116,000, some analysts whisper that we’re still in the accumulation zone – the last call before blastoff. Though tantalizingly close to its $122,838 peak from July 14th (a mere 5.2% away, says CoinGecko), is this the final dip before Bitcoin rockets into uncharted territory?
Is BTC Unlikely To Hit A New ATH?
Bitcoin’s $115,000 floor might be cracking. Whispers on Wall Street suggest its realized price, once a bedrock, is showing stress fractures. The danger zone? $105,000. Plunge below that and brace for impact – a cascading sell-off could wipe out fortunes.
Binance’s trading winds have shifted, blowing net taker volume into the red – a potential storm warning for the crypto market. Adding fuel to the fire, Bitcoin ETFs are hemorrhaging assets, painting a picture of dwindling confidence and hinting at a possible price pullback.
However, the crypto winter might be thawing. While some indicators flash red, on-chain data hints Bitcoin’s just catching its breath after a sprint. Currently, BTC is trading at $116,316, a 2.1% climb in the last day – a flicker of green in a potentially shifting landscape.
Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Thanks for reading Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117700
