On-chain analyst Joao Wedson wrote, “set your bot to buy every dump,” after Bitcoin’s (CRYPTO: BTC) 180-day Sharpe Ratio flashed what he called a historical accumulation signal.
The 180-Day Signal Is In—But The 1-Year Is Not
Wedson said the 180-day Sharpe Ratio has flipped into a buying zone, while the one-year Sharpe Ratio has not confirmed the move.
He characterized the current market conditions as moderate risk, but still a more favorable entry point compared to most acquisitions made in the last six months.
Wedson estimates that consistent dip-buying over the next year could anchor an average cost between $60,000 and $64,000.
He argues that if Bitcoin eventually targets $250,000 in a …