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The Head of CryptoQuant calls the Way to Buy Bitcoin at the Lowest Price

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buy bitcoin at the lowest price

The head of CryptoQuant calls the way to buy bitcoin at the lowest price

Ki Young Ju pointed to an indicator that shows the end of a pullback soon due to falling selling pressure.

buy bitcoin at the lowest price

CryptoQuant CEO Ki Young Ju revealed on Twitter how one can buy Bitcoin at the lowest price by taking advantage of the price reversal. According to him, after a 30% rollback in the value of the main cryptocurrency, it is necessary to follow the chart that displays the moving average of the exchange inflow for 7 days. Traders should take note that the inflow begins to cool down after overheating. Ki Young Ju argues that this is a signal that indicates that the pullback will soon end due to falling selling pressure.

The head of CryptoQuant calls this moment a successful one for investing in bitcoin, since all these factors, in his opinion, indicate an imminent reversal. Ki Young Ju also added that this indicator tracks the activity of large bitcoin holders. According to him, owners of addresses with a large number of coins “tend to make a profit when retail investors are active in the market.”

On February 9, the CEO of CryptoQuant predicted that Bitcoin would soon break through the $ 50,000 mark. Eight days later, his forecast came true. On February 17, the price of the main cryptocurrency reached $ 50 thousand for the first time. At that time, Ki Young Ju referred to the influx of stablecoin deposits, which, in his opinion, indicated a bullish signal.

In mid-March, the bitcoin rate for the first time in history exceeded $ 61.8 thousand, after which it began to decline. Now the first cryptocurrency is traded on the BitXmi crypto exchange at a price of $ 56.5 thousand.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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