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📰 【Bitcoin Ahr999 "Bottom-Fishing" Indicator Breaks 0.45, Has Crossed the "Bottom-Fishing Line" and Entered the "Dollar-Cost Averaging Zone"】
BlockBeats News, April 18, according to third-party data platform information, at 10:48, Bitcoin Ahr999 "Bottom-Fishing" indicator broke through 0.45, reporting 0.4586.
As a result, this indicator has crossed the "bottom-fishing line" and entered the "dollar-cost averaging zone."
This indicator was created by ahr999, aiming to assist Bitcoin dollar-cost averaging users in making investment decisions based on timing strategies.
The indicator implicitly reflects the short-term return rate of Bitcoin dollar-cost averaging and the deviation of Bitcoin's price from its expected valuation.
Historically, Bitcoin has spent 572 days with the Ahr999 index below the bottom-fishing line (0.45).
The dollar-cost averaging zone is between 0.45 and 1.2, indicating that Bitcoin's price is within a relatively reasonable range, suitable for...
$BTC Bitcoin's Ahr999 is making headlines again.
A community-made indicator based on historical prices and hash rate calculations, which is used as a "bottom-fishing signal" for hype every time it crosses 0.45.
Historically, there have been 572 days below 0.45—what does that mean?
It means that this "bottom-fishing line" is essentially a decoration during most bear markets.
Data is cold, but those who interpret data often like to heat it up and feed it to the market.
Dollar-cost averaging zone?
All models that tell you "the current price is reasonable" are essentially just looking for an excuse to impose order on market chaos.
Instead of fixating on this, it’s better to watch the movements of whale wallets on the chain.