It\u2019s safe to say that the bears dominated the past few days in the cryptocurrency markets, as bitcoin\u2019s price dumped to a new multi-month low of $82,000 on Wednesday evening.<\/p>\n
Such a massive price move in either direction hints at further volatility for the underlying asset, but one particular analyst believes the bear market might have started. Yet, there could be good buying opportunities right around the corner.<\/p>\n
The last time #Bitcoin<\/a> $BTC<\/a> showed a bearish divergence against the RSI on the weekly chart, it triggered a bear market! pic.twitter.com\/JUcLw0CPdc<\/a><\/p>\n \u2014 Ali (@ali_charts) February 27, 2025<\/a><\/p>\n\n Martinez indicated that the RSI on the weekly chart has shown a bearish divergence, which could be the factor signaling the start of a bear market, at least according to historical movements.<\/p>\n This drop to the bearish divergence occurred after BTC\u2019s massive crash since last Friday. Recall that the asset went close to $100,000 but a series of events<\/a>, including the largest hack in the industry as well as Trump\u2019s controversial economic policies, didn\u2019t allow a breakthrough and the asset started to crumble.<\/p>\n This culminated<\/a> yesterday evening with a drop to $82,100 (on Bitstamp), which represented a new three-month low. Moreover, it meant that BTC had lost over $17,000 in less than a week.<\/p>\n This substantial correction led to many speculations whether traders should use it as a opportunity to buy the dip. However, that might not be the case just yet, said Martinez.<\/p>\n Although many investors\u2019 positions are now underwater, their realized loss margin stands at just over 8%. The best buying-the-dip opportunities arrive after that metric exceeds 12% since 2022, which means there could be even more trouble for BTC\u2019s price moves in the next days and weeks.<\/p>\n Since 2022, the best #Bitcoin<\/a> $BTC<\/a> buying opportunities have occurred when traders\u2019 realized loss margin hits -12%. Right now, it stands at -8.25%! pic.twitter.com\/ftJ0xQn2qz<\/a><\/p>\n \u2014 Ali (@ali_charts) February 27, 2025<\/a><\/p>\n\n The post Thinking About Buying the Bitcoin Dip? Wait Until This Happens for Best Opportunities<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It\u2019s safe to say that the bears dominated the past few days in the cryptocurrency markets, as bitcoin\u2019s price dumped to a new multi-month low of $82,000 on Wednesday evening. Such a massive price move in either direction hints at further volatility for the underlying asset, but one particular analyst believes the bear market might […]<\/p>\n","protected":false},"author":0,"featured_media":48146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}