Correction in the crypto market – best time to buy bitcoin

Over the past week, the price of bitcoin has repeatedly fallen below the $33,000 level, and yesterday the BTC rate even collapsedup to $ 29,000.In addition, social sentiment for Bitcoin is at its lowest since the start of the bull run in 2020. But such an unfavorable period for BTC is the best moment to buy an asset.

Historically, such a time was considered ideal.time to buy in the downturn, as many are starting to divest their bitcoin assets. Depending on the volume of discussion on social media, the price increase follows the volume decline, and the peaks correspond to the downturns.

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Based on the schedule, this might be the best time toshopping. The trend that emerged in the first bull run of 2020 continued into 2021. In addition, the analysis of the behavior of the hodlers confirms the buying of bitcoins in the current fall. Despite the fact that the percentage of large investors in bitcoin has dropped significantly, the percentage of profitable investors has grown.

At the current price level, 68% of hodlers have the status“Profitable,” even below the $ 32,000 level. The percentage of hodlers who buy bitcoins at this price level is high. This includes institutional investors and retail traders.

How do retail traders behave now?They either buy on the downturn and hold until the price rises above $ 35,000, or they short and take profits. Both options can be profitable, unless the trader sells BTC purchased at a higher level to replace altcoins or DeFi project tokens.

Such a strategy may be justified inmedium term, as altcoins may rally this summer, however, simply selling bitcoin reserves to enter fiat is the only option that leads to unconditional losses.

Based on the fear and greed index, at presentFor the time being, there is extreme fear in the cryptocurrency market. Based on the ROI and ROI chart, the recent downturn is the perfect time to accumulate, supported by the social volume, dominance, and the Cryptocurrency Fear and Greed Index.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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