The Bitcoin market has been on an impressive upward trajectory, surging over 35% in the last 30 days. On November 6, Bitcoin broke its previous all-time high of $73,000, and as of now, the price remains nearly 30.95% above its mid-March all-time high. However, recent fluctuations have raised a burning question among potential investors: is it too late to enter Bitcoin at this stage?

Bitcoin Bull-Bear Market Cycle Indicator

One useful tool for gauging Bitcoin’s potential growth is the Bitcoin Bull-Bear Market Cycle Indicator from CryptoQuant. According to the data, Bitcoin has yet to enter its Extreme Bull phase, which means there’s still significant room for further price growth. This suggests that the market has not yet reached its peak, and it’s not too late for investors to enter.

Bitcoin’s Historical Drawdowns During Bull Markets

It’s important to understand that Bitcoin’s price tends to experience corrections even during a bull market. Historical data shows that during the 2017 bull run, Bitcoin saw a drawdown of approximately 22%. Similarly, in 2021, corrections ranged from 10% to 30%. This year, Bitcoin has already experienced corrections of 15% to 20%.

For experienced traders, these dips are viewed as opportunities to buy Bitcoin at lower prices, with the expectation of a rebound in the following weeks or months. Such corrections are a natural part of any bull run and can present ideal entry points for new investors.

BTC Buying Strategy Using Short-Term Holder Realized Price

CryptoQuant analysts recommend targeting Bitcoin’s Average Cost Basis of Short-Term Holders (STH). This price point serves as a key support level during bull runs. The Short-Term Holder Realized Price (STH Realized Price) reflects the average price at which Bitcoin was last moved by short-term holders. During a bull market, this level tends to act as strong support, making it an attractive entry point for new investors looking to buy into the market.

BTC Buying Opportunities from Open Interest Flushes

As Bitcoin’s price rises, speculative buying tends to increase, driving up the open interest in Bitcoin futures and options. When open interest reaches unsustainable levels, it’s common to see liquidations of speculative positions, which can cause the price to temporarily dip. These periods of price drops—referred to as “open interest flushes”—often present excellent buying opportunities, as the market corrects and resets before continuing its upward trend.

Analyzing Bitcoin Net Taker Volume for Entry Points

The Bitcoin Net Taker Volume chart, which tracks buying and selling pressure, can also provide valuable insights into market entry points. As of now, the Net Taker Volume remains below $30 million, signaling peak selling pressure. This suggests that there may be room for Bitcoin to rebound, as selling pressure eases and buying interest rises. For investors, this is often a signal to enter the market, as the chances of a price reversal increase after periods of peak selling.

Conclusion: Timing Your Bitcoin Investment

Bitcoin’s current bull market offers numerous opportunities for growth, but timing your entry can be critical to maximizing potential gains. The Bull-Bear Market Cycle Indicator shows that Bitcoin still has room to grow, with no signs of reaching its peak just yet. Historically, Bitcoin experiences corrections during bull runs, and these dips often present great buying opportunities.

By considering strategies such as buying at the Short-Term Holder Realized Price, taking advantage of open interest flushes, and analyzing Net Taker Volume, investors can find strategic entry points that align with market trends. While the market has already seen significant gains, there are still ways to enter Bitcoin without chasing the market at its highest points.

In conclusion, it’s not too late to invest in Bitcoin during the current bull run. By employing the right strategies and staying informed about market indicators, investors can make smart entry decisions and potentially capitalize on Bitcoin’s continued growth.