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2023 Is the Best Time to Accumulate Bitcoin, Analysis Shows

15 February 2023

A recent CryptoQuant analysis suggests that this year is the best time to accumulate bitcoin (BTC), as the asset’s current position, determined by its MVRV ratio, indicates that further drastic price drops are improbable. Verified CryptoQuant author Dan Lim made these assertions in his latest bitcoin analysis, citing the BTC market value to realized value (MVRV) ratio. The MVRV ratio is a prominent indicator that assists traders in determining whether an asset is overvalued or undervalued at its current position. The indicator also helps to identify the dominant trend in selling pressure on i