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
Bitcoin’s 60-day RCV hints at low-risk accumulation
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…
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