Is it the Ideal Time to Buy Bitcoin (BTC) and Altcoins? This Indicator has Given a Signal!

The leading cryptocurrency Bitcoin (BTC) and altcoins experienced consecutive sharp declines in the past weeks.

The move of US President Donald Trump with XRP, Solana (SOL) and Cardano (ADA) reignited the market, while CryptoQuant analyst shared a simple yet historically proven Bitcoin buying strategy.

An analyst using the “Shopping Area” metric claimed that it is an ideal time to accumulate in the bull phase when this metric enters the 1 or 2 area.

The analyst said that historically, it has been profitable for investors to buy during periods when the Bitcoin price experienced a 15-20% decline and the Shopping Area metric also dropped to 1-2.

Although the analyst historically stated that this metric works in Bitcoin, this time warned investors by stating that there is no guarantee that the same situation will occur.

When Bitcoin enters Area 1 or 2, there has historically been a great time to accumulate during a bull market phase with a (%15-20 price drop).

Why it works: These levels are historically proven accumulation zones. It is ideal to take advantage of market overreactions.