Check out the latest information in Spanish.
As Bitcoin (BTC) fluctuates around the critical $100,000 price level, some investors may be looking for a golden opportunity to lock in profits and exit the market. In this context, CryptoQuant analysis highlights important BTC indicators that serve as valuable tools for formulating an exit strategy.
Can you make profit with Bitcoin? Pay attention to this indicator
In a Quicktake blog post published today, CryptoQuant contributor Onchain Edge shared insights on the timing of a BTC sale in the current bull market. The analyst emphasized the importance of Bitcoin's supply in loss metrics and noted that it could indicate when to start exiting the market to preserve profits.
Related books
For those unfamiliar with Bitcoin, loss supply measures the percentage of BTC that is in a loss based on the last price it moved. A low percentage of supply losses usually indicates that market exhilaration has peaked and serves as a warning to lock in profits before a bear market correction begins.
According to CryptoQuant analysis, if BTC supply drops below 4% during losses, it is a good time for investors to consider dollar-cost averaging (DCA) from their BTC holdings and wait for the next bear market low. It shows that there is. Currently, the BTC supply in loss remains at 8.14%.
Source: CryptoQuant
DCA is an investment strategy in which an investor periodically allocates a fixed amount of money to an asset, regardless of price. This method helps reduce the impact of market volatility and lowers the average cost per unit over time. The analyst added:
why? Less than 4% means a lot of people are profiting, and this is the peak stage of the bull run. Trust me, you don't want to hold the bag thinking you'll never see another bear market. Be afraid when others are greedy.
Analysts are confident of further rise in BTC price
Tracking BTC supply with a loss indicator can help investors protect profits, but recent predictions by crypto analysts suggest this indicator may still have room to rise further before becoming significant. It is suggested that there is a sex.
Related books
According to cryptocurrency analyst Ali Martinez, BTC is forming a classic cup-and-handle pattern on the weekly chart. The top cryptocurrency appears poised to break out of a bullish formation with a target of $275,000.
Similarly, Donald Trump's victory has brought new optimism to the crypto industry. At the recently concluded Bitcoin MENA conference in Abu Dhabi, President Trump's former campaign chairman Paul Manafort said that Bitcoin investors could “expect $100,000 or more” during the ongoing market cycle. He pointed out that there is.
Other forecasts remain bullish as well. MV Global Chief Investment Officer Tom Dunleavy predicts BTC to reach $250,000, while Ethereum (ETH) could rise to $12,000 during this market cycle. It is said that BTC is trading at $100,983 at the time of writing, up just 0.1% in the past 24 hours.
BTC is trading at $100,983 on daily chart | Source: BTCUSDT on TradingView.com
Featured image from Unsplash, charts from CryptoQuant and TradingView.com
