The price of bitcoin (BTC) has been moving sideways for the second week in a row due to the persistence of two bearish caps and the lack of new lows being made by the price action itself.
Is now the ideal moment to accumulate Bitcoin, nevertheless, given all the price drops? The historically ideal times to purchase long-term BTC positions were noted by a cryptocurrency analyst on Twitter.
The timeframes, “12-15 months before the Bitcoin halving and 12-15 months after previous ATH, which is November 2022 – May 2023,” according to user MCP, are the best times to accumulate Bitcoin for the long run.
HISTORICALLY, BEST TIMES TO BUY LT POSITIONS: 1) 12-15 months before the Bitcoin halving 2) 12-15 months after previous ATH = November 2022 – May 2023