[Weekend Money] When Should You Buy Bitcoin?

"Bitcoin Price Has Not Hit the Bottom Yet"
"Gradual Buying Recommended Starting from the $50,000 Range"

An analysis has suggested that Bitcoin should be bought when its price drops to the $50,000 range. Although the price of Bitcoin has fallen to around $63,000, an immediate trend reversal is unlikely given the current supply-demand situation and regulatory environment.

According to the 'Sangsangin Crypto Sentiment Index' by Sangsangin Securities on July 11, the index dropped to 32.8. This index is calculated by analyzing on-chain data and capital flows in the virtual asset market to assess the degree of overheating or stagnation. A reading of 25 or below indicates a buying zone, while 75 or above signals a selling zone.

Although the price of Bitcoin has dropped to about $63,000, the sentiment index has not yet reached the 25-point buying zone, making it difficult to conclude that a trend reversal has occurred. When the sentiment index is converted to price, the entry point for the Bitcoin buying zone is approximately $56,700. The 10-15 range, which corresponds to the cycle bottom, is around $47,700 to $50,400.

However, while Bitcoin appears to have entered a bottom range, it is expected that a swift upward trend reversal will take some time. Ongoing regulatory uncertainty is delaying the timing of a price rebound. The Clarity Act, which aims to specify regulatory authority by classifying the nature of U.S. virtual assets, remains pending in the Senate after passing the House.

From a supply-demand perspective, there are also signals indicating a delay in the trend reversal. This is because large-scale capital is absorbing supply during the price adjustment process. According to the cumulative and distribution indicators by holding size over the past 60 days, large investors who purchased between 1,000 and 10,000 Bitcoins made a net purchase of 47,830 Bitcoins.

Kim Kyungtae, a researcher at Sangsangin Securities, said, "We recommend a stepwise approach, with entry below the Sangsangin Crypto Sentiment Index of 25 as the first accumulation zone, and the 10-15 range as the aggressive accumulation zone," adding, "It is advisable to wait until regulatory uncertainty is resolved and a rebound with substantial trading volume driven by positive news occurs."

This content was produced with the assistance of AI translation services.