Bitcoin’s mega sell-off presents a rare chance to dollar-cost-average into a position as key onchain indicators suggest BTC trades at a discount.
Bitcoin’s (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV reached its lowest level of -1.9 in the chart, signaling an ‘optimal DCA opportunity’ for the first time since July 2024.
