One of the questions that crypto investors have been thinking about the most lately is “Bitcoin $BTC
“When is the best time to buy?” This is an important issue, especially for those who are new to the market, because the Bitcoin market is quite volatile and uncertain compared to other financial instruments. Therefore, it seems difficult to determine the right time. However, analysts with in-depth knowledge of the crypto market offer various strategies based on historical data. One of these analysts is Willy Woo, known for his cryptocurrency chart analysis. Woo, with his latest post on the current market situation of Bitcoin, brought some known approaches to the agenda on this subject.
Willy Woo’s post specifically references an important statement by Dr. Puell regarding Bitcoin buying opportunities. Dr. Puell states that the best time to buy Bitcoin is when the market hits bottom. This principle is generally valid for all financial markets: purchases made during periods when asset prices reach their lowest levels can yield big profits in the long run. However, Dr. Puell’s statement does not end there; according to him, the second best time to buy Bitcoin is when the Bitcoin market enters a post-halving reaccumulation phase. This idea is extremely meaningful for investors who examine Bitcoin’s historical price movements.
To understand Bitcoin’s price dynamics, it is important to know the concept of halving. Halving refers to the reduction in the amount of new BTC produced as a result of mining activities on the Bitcoin network by half every four years. This event reduces Bitcoin’s inflation rate and indirectly affects the supply-demand balance, contributing to the increase in price. For example, after each halving event in Bitcoin’s history, it has been observed that the price has experienced significant increases over a period of time. Bitcoin’s limited supply and the fact that miners produce fewer Bitcoins after the halving create upward pressure on the price as demand increases.
The post-halving re-accumulation phase highlighted by Willy Woo refers to the period when investors, especially large institutional investors, begin to accumulate BTC after the halving. The last halving event, which took place on April 19, 2024, is considered the beginning of such a re-accumulation period. According to Woo’s analysis, this phase represents a critical time period to take advantage of possible future increases in Bitcoin prices. During this period, large players and long-term investors tend to increase their assets in preparation for the next major increase in Bitcoin’s price.
Another important element that draws attention in Woo’s post is the Puell Multiple chart. This chart clearly shows the correlation between Bitcoin’s historical price movements and certain phases of the market. Puell Multiple stands out as an indicator that analyzes Bitcoin’s mining revenues, especially miners’ earnings according to market prices. Woo uses this chart to visually and dataically support Bitcoin’s current stage. In the chart, it is possible to see how Bitcoin has acted in the past post-halving re-accumulation phases and how investors in these periods have made profits in the long term. This data helps investors better analyze Bitcoin’s current situation.
By considering the current market conditions and Bitcoin’s historical performance, investors can make more informed decisions by identifying the most ideal buy points. Woo’s analysis suggests that the market is not currently at a bottom, but is in a reaccumulation phase. This supports the view that the best time to invest in Bitcoin is during the post-halving accumulation period.
There are many reasons to believe that the Bitcoin market is currently in a phase of reaccumulation. Such periods of time when large players enter the market and accumulate Bitcoin can be a precursor to future major bull runs. Long-term investors are hoping to benefit from future major price increases by purchasing Bitcoin during this phase.
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