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If you believe BTC is near its bottom but are hesitant to buy the dips, you could consider MSTR stock.
The MSTR/BTC ratio found some support around 0.0015-0.0016, then dropped to 0.0016 on February 9th before trending upwards.
In fact, the current bear market may be equivalent to the period of May-June 2022 (this will be analyzed tomorrow). MSTR and MSTR/BTC bottomed out in June 2022, and when BTC hit a new low at the end of the year, MSTR basically formed a Double Botto.
Of course, if you think BTC is still far from the bottom, you can continue to wait and see.
That's right, that's roughly the idea.
Yes, haha, we had the same topic last night! Maybe this is what they call great minds think alike.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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