Looking at the weekly Bitcoin chart, it’s pretty obvious we’re seeing some sideways action, which might mean the steep drop from the all-time highs is finally leveling out. Plus, the trading volume has taken a hit, hinting that the downtrend could be winding down.
A lot of folks confuse this sideways movement and low volume with market uncertainty, but honestly, it’s the best moment to stack up on assets. Big players are dipping their toes back in with smaller buys so they don’t mess with the price too much.
The sweet spot for buying is when Bitcoin is trading below its actual utility value. Whales are keeping an eye on the NVT Golden Cross indicator, which is smoothed out by a 100-day moving average.
This tool kind of takes the place of the usual price-to-earnings ratio, helping us see if market cap aligns with the real transaction volume on the network.
Right now, this indicator hit a crucial level of -0.58, showing that the network is undervalued due to a phase of forced use cuts and overall risk aversion. It's now bouncing back up to -0.32, indicating that the price is slowly aligning with the fundamental factors after a time of heavy discounting.
That said, even with this uptick, the indicator is still in the negatives, confirming Bitcoin is still not fairly valued. This kind of scenario is common when the market is moving from a down phase to a more balanced state, and it usually comes with a period of accumulating assets and healthier conditions for figuring out a fair price.
Bitcoin Accumulation: Why Sideways Action Is the Ideal Time to Buy
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In other words this is much like the correction we had in April 2025 dropping to 74k and then going up to 126k in Oct 2025.
If you are correct we we turn up and go over 130k in Jan or Feb 2026
It could happen but it's not easy, we don't know how long it will last in this phase, and also talking about price charts, fundamentally and technically, sometimes it is very supportive to return Bitcoin's condition to a more optimistic bullish sentiment, but the current situation where we are at the end of the cycle and will certainly be a two-way price movement that is questionable, whether Bitcoin will once again reach a new ATH or not, on the other side of all that, the current macroeconomic sentiment greatly influences Bitcoin's price movement, on the chart we have not found confirmation yet.
I don't believe in technical analysis anymore because this circle has proved it to be a flaw when predicting the market. If by February, bitcoin is still on the sideways movement without reaching a new ATH, it means that the bull market is over because after three months of downtrend movement from the ATH price comes the bear market. We are only speculating, no one can tell what will happen before the end of this year.
When the market falls, it's not a selling time for us to make harsh decision and sell out, instead we should learn to buy the dip and hold, another thing to factor out with the market performance is the nature of how it renders an entry opportunity for those willing to buy, because it fall to rise in most cases and some don't know about this idea, the fall may come in different dimensions or patterns that could be deceiving except we take time to understand it s pattern and make right decision upon the fall.
In that case, youre left with fundamental analysis. Inflation is cooling down, and US unemployment remains at an acceptable level. If the Fed cuts rates in January and the Senate passes a crypto regulation bill, Bitcoin will definitely return to growth
whale_chainFull Member
Posts: 88 · Reputation: 664
#7May 13, 2023, 05:31 AM
I wouldnt overromanticize whales quietly buying but sideways markets do reduce downside risk, When leverage gets flushed and interest dries up the weak hands are mostly gone, Thats usually when long term players start building positions without chasing pumps.
Seasonality will prevent the crypto market from spending January in a sideways trend
Ive come to the conclusion that entry points must be confirmed by on-chain indicators. The transparency of crypto transactions is a unique feature that no other financial instrument possesses, and its something we shouldnt ignore.
luckylaserFull Member
Posts: 24 · Reputation: 258
#10May 13, 2023, 12:10 PM
Best indicator that I personally use from my experience is not sideways. Sideways could always go both way depending on the market sentiment, there's no guarantee you get lower downside if you accumulate in sideways but setting an entry point in a hot liquidation spot through seeing the liquidation heatmap is one way to find out where the price might have bottomed out and where there could be a flip on the sentiment. Combine it with MA crossing and it's golden.
Just saying to accumulate in sideways is just scratching the surface. There are a lot of sideways where price just dumped right after because it needs fuel which is liquidation by the billions.
stack_2016Member
Posts: 2 · Reputation: 50
#11May 13, 2023, 06:18 PM
If you look closely, the current momentum closely resembles the previous decline, after which Bitcoin experienced a significant increase to $126,000. Whether a similar reversal will occur is perhaps uncertain, but the current downward momentum closely resembles the previous conditions. I also see this as a prime opportunity for accumulation, and the pattern can be tailored to each individual's capabilities. If large investors try to enter the market cautiously so as not to impact the price, this could be a sign of a price increase when the momentum is right. We should capitalize on this opportunity because sometimes opportunities are not so obvious but we have to test the journey process carefully.
Technical analysis is only for one of your references, sir, and I also admit that sometimes the market cannot be predicted by relying solely on technical analysis. The future remains a mystery; no one will know what will happen in the next minute. However, it is one way to see the potential that will occur without guarantees. You are not fixated on a lot of speculation, sir, to determine these kinds of things in your worldview if you believe.
You have a point there. Even though sideways movement is often a 'market maker's step,' its impossible to know for sure which way the big players are accumulating while the price is being held within a range. On the other hand, cryptoand Bitcoin in particularis an asset that grows in the long term. These accumulation zones offer a 70% probability of catching the start of an uptrend.
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