đ Bitcoin at $87K â Buying Opportunity or Just a Temporary Bounce?
Bitcoin has climbed back to around $87,000, and several key indicators suggest the risk-to-reward is becoming more attractive for buyers. Some analysts compare this level to the end of the 2022 bear market.
đ Key Points âą Multiple long-term indicators have entered the âgreen zoneâ, signaling rare multi-year opportunities.
âą This doesnât guarantee the bottom is in, but conditions are improving for buyers.
âą Current data resembles market behavior seen in 2019, 2020, and late 2022.
âą The Sharpe Ratio has dropped below zero for the first time since 2023 â historically seen before big multi-month upside trends.
âą Bitcoin Heater indicator is at its lowest level since Nov 2022, hinting at potential oversold conditions and a reversal zone.
â ïž Some analysts like Peter Brandt remain cautious, warning that the recovery could be a âDead Cat Bounceâ â a temporary rise inside a larger downtrend.