There are many metrics that a long term investor should consider in trying to time buying Bitcoin near bear market lows. One indicator is the Pi Cycle bottom indicator. This is the BLX daily chart which goes back to the Jan 2015 and Dec 2018 lows.
The 2015 Bitcoin bear market low was Jan 14th at $163.88. The Pi cycle bottom indicator showed that was exactly the day for Bitcoin's bear market bottom.
The 2018 Bitcoin bear market low was Dec 15th at $3148.33. The Pi cycle bottom indicator appeared one day after the Bitcoin bear market bottom.
The 2022 Bitcoin bear market low may have been June 18th at $17567. The Pi cycle bottom indicator appeared on July 13th, 25 days after what may have been the Bitcoin bear market bottom.
This is one of 10-15 on chain metrics I have followed to help time when to buy Bitcoin near bear market lows. I bought from late 2018 to July 2020. Now I have been buying Bitcoin since June 2022 by dollar cost averaging. I am a long term Bitcoin investor.
The 2015 Bitcoin bear market low was Jan 14th at $163.88. The Pi cycle bottom indicator showed that was exactly the day for Bitcoin's bear market bottom.
The 2018 Bitcoin bear market low was Dec 15th at $3148.33. The Pi cycle bottom indicator appeared one day after the Bitcoin bear market bottom.
The 2022 Bitcoin bear market low may have been June 18th at $17567. The Pi cycle bottom indicator appeared on July 13th, 25 days after what may have been the Bitcoin bear market bottom.
This is one of 10-15 on chain metrics I have followed to help time when to buy Bitcoin near bear market lows. I bought from late 2018 to July 2020. Now I have been buying Bitcoin since June 2022 by dollar cost averaging. I am a long term Bitcoin investor.