Bitcoin's Absolute Bottom: Analyst Says Gradual Accumulation Beats Timing Market
Crypto analysts are urging investors to reevaluate their strategy in trying to catch Bitcoin's absolute bottom. According to Crypto Dan, an analyst who was quoted in a recent CryptoQuant Quicktake analysis, this approach is often misguided.
The bear market has led to selling by buyers who entered at higher prices, shifting supply to long-term-oriented investors and lowering the average purchase price of Bitcoin holders.
Crypto Dan believes that trying to pinpoint the exact bottom can be a losing game. Instead, he suggests gradually accumulating Bitcoin during this phase as often being more favorable over the long term.
The analyst notes that the window of opportunity usually lasts longer than most investors think, but paradoxically, that is also when most investors leave the market.