3 metrics contrarian crypto investors use to know when to buy Bitcoin

3 metrics contrarian crypto investors use to know when to buy Bitcoin

Cryptocurrency3 hours ago (May 28, 2022 07:20PM ET)

3 metrics contrarian crypto investors use to know when to buy Bitcoin

Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falling knife usually keeps most investors planted on the sidelines.

The month of May has been especially challenging for crypto holders because Bitcoin (BTC) dropped to a low of $26,782, and some analysts are now predicting a sub-$20,000 BTC price in the near future. It’s times like these when fear is running rampant that the contrarian investor looks to establish positions in promising assets before the broader market comes to its senses.

Crypto Fear & Greed Index. Source: AlternativeFear & Greed returns for BTC. Source: Jarvis LabsNumber of Bitcoin addresses with a balance of at least 10,000 BTC. Source: GlassnodeNumber of Bitcoin addresses with a balance of at least 10,000 BTC. Source: GlassnodeBitcoin average mining cost. Source: MacroMicroBitcoin average mining cost. Source: MacroMicro

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3 metrics contrarian crypto investors use to know when to buy Bitcoin

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