$BTC Various on-chain indicators are converging, forming a price bottom range. The opportunity to buy the dip could last for several months. Currently, the green line price is around 45,000, and generally it will fall below the green line by about 10%. Over time, by the second half of the year, the green line could reach around 50,000. Therefore, buying at 45,000 is a very good entry point. Going lower is also possible, but the probability is not particularly high.

Based on previous analysis of LTH-RP, it’s quite similar now. LTH-RP has already reached around 49,000 and is expected to go above 55,000 by the second half of the year. The previous cycle’s limit was about 20% below LTH-RP, which also pointed to around 45,000.
The bottom price on the left side is really getting higher and higher. At the beginning of the year, I still hoped that Trump’s antics could push the price down to over 30,000, but now it seems the probability is decreasing.
Around 45,000 is already a very cost-effective position. If it reaches there, it’s like free money. As time goes on, the prices of various on-chain indicators will become more expensive, and the price to buy the dip will increase accordingly. In such extreme market conditions, you usually need to place limit orders to have a chance to buy, but by then, exchanges will be very slow, and it might be impossible to buy at all.