It’s nearly impossible, however a variety of indicators from the on-chain and technical world suggest that it’s the right time to begin collecting Bitcoin.

The Bitcoin ( BTC) has been stuck in a rut in recent months, and its price is expected to remain in the current downward trend, Bitcoin pr news distribution service . However, as I previously mentioned in the absence of anyone talking about Bitcoin is usually the best time for purchasing Bitcoin.

The last week, BTC prices plunged again, dropping to $19,000 on Sept. 6 and , at present, BTC bulls are struggling to bring $19,000-$20,000 back up to provide support. In the last week Federal Reserve Chairman Jerome Powell confirmed the Fed’s commitment to doing everything necessary to tackle the rising cost of living “until the job is done,” and market analysts have raised their forecasts for rate hikes to 0.50 per basis point to 0.75.

In essence, interest rate increases as well as quantitative tightening are intended to stifle consumer demand which eventually will result in a decline in the price of products and services, Bitcoin press news distribution service , but we’re far from there. More rate hikes, along with QT will likely cause equity markets to fall and due to their significant relationship to Bitcoin price and the price of Bitcoin, an additional negative in the case of BTC will be the likely result.

That’s why there’s no solid argument for investing in Bitcoin at the moment in terms of price movement and gains in the short-term. What about investors who have a long-term investment period?

Let’s take a quick look at three graphs that suggest investors should consider buying Bitcoin.

Tool for Bitcoin Investors 2 year MA multiplier

The Bitcoin price is down 72% from its record-breaking high of $69,000. In previous bear markets in the past, Bitcoin press release distribution service , Bitcoin’s price experienced an average correction of 55% (July 21) and dropping 71% in March 2020, and an 84 percent correction in December 2018. Though it’s a lot of work however, the current correction of 72% isn’t out typical when compared with prior drawdowns from all-time-highs.

When comparing this data with the two-year MA multiplier it is evident that the price fell below the moving average of 2 years and then carved out an apex, and was then consolidating for a number of months before returning to the 12-year upward trend.

These are known as the “shaded” zones below the green 2-year moving average. If we zoom in on the left side of the chart it is clear that the price is still below the 2-year moving average and despite the fact that there isn’t any sign of any “trough” being dug, Bitcoin press release distribution , in the event that historical data are to be believed the price is within what is known as a”consolidation zone.

Gold ratio multiplyer

A different interesting move average as well as Fibonacci sequence indicator that indicates the price of Bitcoin is not as high can be seen in the Golden Ratio multiplier.

As per LookIntoBitcoin founder Philip Swift:

“The chart focuses on the Bitcoin adoption curve as well as market cycles to determine how prices might change on medium and long-term timeframes. In order to do this, it employs multiples of the 350-day move average (350DMA) of Bitcoin’s price to pinpoint possible areas of resistance in price movements.”

Swift added the “specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs.” In essence, the indicator reads:

“An effective tool because it is able to demonstrate when the market is likely overstretched within the context of Bitcoin’s adoption curve growth and market cycles.”

At present, the price of Bitcoin is lower than the 350DMA and is similar to the two-year MA multiplier. Dollar-cost-averaging into extreme lows has proven to be a wise method for building a Bitcoin position.

Looking at the relative strength index for Bitcoin’s one week (RSI) will reveal that the currency is oversold.  Bitcoin news distribution network ,When you compare the weekly RSI with Bitcoin’s candlestick chart, you can see that the accumulation in oversold periods can be a lucrative strategy.

Related To: The bullish Bitcoin trend reversal may seem like an unlikely idea, but the metric is screaming “buy’

Bitcoin’s MVRV Z-score

An on-chain indicator known as the MVRV recently recorded its lowest level since 2015. The measure is basically the ratio of BTC’s current market capitalization to its realized capitalization or, in simpler words, the amount that the people have paid for BTC as compared to its worth today.

As per Jarvis Labs analyst “JJ,” Bitcoin’s MVRV (market capitalization in comparison to realized capitalization) indicator is showing an indicator that is extremely low. The analyst explained:

The three most low MVRV different readings have come:

March 2015, at the time that BTC was trading at less than $250.

February 2019 was the month the month when BTC was at its lowest at around $3500.

Then this week, when it was below . 42.

That means on an average, people use with Bitcoins for huge losses.

What’s interesting is that the fact that the lowest price in MVRV occurs when the prices are low!

The MVRV Z score provides an insight into whether Bitcoin is overvalued or undervalued according to its fair value. According to analytics company Glassnode, “when market value is significantly higher than realized value, it has historically indicated a market top (red zone), Pr services for Bitcoin companies and startups ,while the opposite has indicated market bottoms (green zone).”

If you examine the chart when compared to the price of Bitcoin, the present -0.16 score for MVRV is within the same range as the previous cycles and multi-year bottoms for the price of Bitcoin. The pure view of the data would indicate that Bitcoin is in the middle of a bottoming phase and could be entering the initial stage of accumulation.

However, the price may fall further and the negative factors which are affecting equity markets are likely to remain a factor in the price of crypto and, therefore, any of the indicators listed above should be taken as the sole reason to invest.

The cryptocurrency market is currently in a bad state It is not likely for it to improve in the near time, but predicting market bottoms is not an option for the majority of traders. Therefore, what investors must be looking for is a convergence between different indicators and metrics that match with one’s own thesis.

At the moment, most of Bitcoin’s on-chain metrics and technical analysis indicators suggest sensible dollar-cost-averaging into a manageable position. The key to success is risk management. Don’t put in more money than you’re able to lose, and you’ll never be worried about getting your shirt back.

The newsletter is composed by Big Smokey, Bitcoin news platform , the author of The Humble Pontificator Substack and the resident newsletter editor at Cointelegraph. Every Friday Big Smokey writes market analysis, how-tos that are trending analysis, and early-bird research about the upcoming trends that could be emerging in the cryptocurrency market.