On-chain analyst Joao Wedson recommends setting up a "buy the dip" bot program, as the 180-day Sharpe ratio for Bitcoin has issued a historic accumulation signal, indicating that Bitcoin is in a medium-risk buy zone. He estimates that continuous buying on dips can stabilize the average price between $60,000 and $64,000, which is an ideal entry point. If Bitcoin reaches a target price of $250,000, its performance may outperform spot ETFs. Currently, Bitcoin's trading price is slightly below the key exponential moving average (EMA) around $66,300 to $66,500, constrained by a downtrend line, with support levels in the $63,800 to $64,200 range and resistance near $69,000.
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On-chain analyst Joao Wedson recommends setting up a "buy the dip" bot program, as the 180-day Sharpe ratio for Bitcoin has issued a historic accumulation signal, indicating that Bitcoin is in a medium-risk buy zone. He estimates that continuous buying on dips can stabilize the average price between $60,000 and $64,000, which is an ideal entry point. If Bitcoin reaches a target price of $250,000, its performance may outperform spot ETFs. Currently, Bitcoin's trading price is slightly below the key exponential moving average (EMA) around $66,300 to $66,500, constrained by a downtrend line, with support levels in the $63,800 to $64,200 range and resistance near $69,000.