Should You Buy BTC Now? Analyst Reveals the Best Bitcoin Entry Levels After the Crash

Bitcoin’s price crash that began at the start of the business week culminated yesterday evening, at least for now, with a painful decline to a multi-year low of $59,100 on most exchanges.

This violent drop of roughly $23,000 in the span of just a few weeks might be regarded as a proper buy-the-dip opportunity, but popular analyst Ali Martinez believes the most lucrative levels are yet to come.

In a recent post on X following the Friday night massacre, Martinez said the “best risk-reward opportunities typically emerge” when the asset drops into the 1.0 or 0.8 MVRV Pricing Bands.

Despite the correction, BTC is still far from these levels, he added. In order to reach them, the cryptocurrency’s correction needs to extend further, as they currently sit just under $54,000 and over $43,000. Bitcoin hasn’t traded at such low levels in over two years.

In contrast, fellow analyst Crypto Rover believes the bottom might be in, according to a signal that has successfully determined all previous ones. His advice was that investors turn into a full-on accumulation mode, as they will be called “lucky” in 2-3 years when the next bull cycle peaks.

However, on-chain metrics and key technical tools still do not indicate that BTC has bottomed out during this phase. In fact, some analysts envision a more profound decline to $50,000, while Peter Schiff, staying true to his nature, predicted a crash to $20,000 if that support level is lost.

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