Michael van de Poppe: Bitcoin may be the best time to buy now

MN Capital founder Michael van de Poppe stated that Bitcoin's daily and two-week RSI hitting historic lows may be the best time to accumulate and buy. On chain data shows that in the past 60 days, wallets holding 1000 to 10000 BTC have increased their holdings by 53000 BTC, addresses holding 100 to 1000 BTC have increased their holdings by 12200 BTC, and addresses holding 10 to 100 BTC have increased their holdings by 1283 BTC. Entities holding over 10000 BTC reduced their holdings by 39800 BTC during the same period, and groups holding 1 to 10 BTC also reduced their exposure. Analyst Titan of Crypto pointed out that the quarterly fair value gap of Bitcoin is in the range of $56800 to $44600. Glassnode co-founder Rafael stated that if the CVDD indicator repeats historical patterns, the potential bottom range for Bitcoin could be between $52000 and $59000.