Are you thinking about buying bitcoin declining? Wait for this to get the best opportunities

It is safe to say that the bears took control of the past few days in the encrypted currency markets, where the Bitcoin price has been thrown at the lowest new multiple level of 82,000 dollars on Wednesday evening.

Such a huge step in any of the two directions hints in other fluctuations to the basic asset, but one of the appointed analysts believes the bear market has started. However, there can be good purchase chances of the corner or lower.

last time #Bitcoin $ BTC It showed a declining difference against the relative strength index on the weekly graph, as the bear market has sparked! pic.twitter.com/juclw0cpdc

Ali (ali_charts) February 27, 2025

Martinez pointed out that the relative strength index on the weekly graph showed a landmark, which could be the factor that indicates the beginning of the bear market, at least according to historical movements.

This decrease occurred to the declining difference after the massive BTC crashed since last Friday. I remember that the assets are approximately $ 100,000, but a series of events, including the largest penetration in this industry as well as Trump’s controversial economic policies, did not allow achievements and the original began to collapse.

This was crowned yesterday evening by a decrease to 82,100 dollars (on bitstamp), which represents the lowest new level for three months. Moreover, this means that BTC has lost more than $ 17,000 in less than a week.

This great correction has made many speculation if merchants should use it as an opportunity to buy DIP. However, this may not be the case yet, Martinez said.

Although many investor positions are now underwater, the margin of losses is more than 8 %. The best purchase opportunities for the environment after this scale exceeds 12 % since 2022, which means that there may be more trouble for BTC prices in the coming days and weeks.

Since 2022, the best #Bitcoin $ BTC The purchase chances occurred when the margin of loss investigators of traders -12 %. Now, 8.25 %! pic.twitter.com/ftj0xqn2qz

Ali (ali_charts) February 27, 2025