Bitcoin's Ahr999 bottom-fishing indicator stands at 0.34, having fallen back to its mid-August level.
28 minutes ago
According to HTX market data, Bitcoin experienced a sharp price drop on Saturday, falling from the $69,000 range earlier this morning to as low as $66,700. The cryptocurrency has declined 12% over the past seven days and 18% over the past 30 days. Bitcoin’s Ahr999 “bottom-fishing” indicator has now fallen back to its mid-August level, standing at 0.34. The previous “bottom-fishing window” (May 29 to August 19 this year, when the indicator was below 0.45) lasted about 82 days. BlockBeats Note: The Ahr999 indicator assists Bitcoin dollar-cost averaging (DCA) users in making investment decisions by combining timing strategies. It incorporates the short-term return of Bitcoin’s DCA and the deviation between Bitcoin’s price and its expected valuation. Historically, Bitcoin’s Ahr999 index has remained below the bottom threshold (0.45) for 655 days.
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