Crypto Dan
BTC - 2023 is the best time to accumulate
On January 19, 2023, MVRV, an indicator of whether the price of Bitcoin is undervalued or overvalued, broke through 1.0, and the current value is 1.12, which is still above the undervaluation zone. Looking at past cases, there has never been a strong breakout of the undervalued section (1.0) and then a fall back below. However, this time, as a bear market accompanied by macro issues is underway, it seems better to take a more conservative and long-term split-buy approach. When we see 2022 and 2023 in the next bull market, this period is likely to be a really good accumulation period. However, It's unfortunate that so many people buy the most during the late stages of a bull market.