According to CoinMeta, based on the monitoring of an early issuance of in, analyst Doctor Profit indicates that a historical indicator for Bitcoin has sent out a bottom signal, and it is currently in a phase of long-term accumulation. This indicator has appeared in 2015, 2019, and 2022. Currently, the price of BTC is below the average cost for holders who have held for 3 to 6 months and those who have held for 1 to 2 years. Doctor Profit predicts that Bitcoin will still need several months of sideways movement to complete the bottoming out process. Over the past few weeks, BTC has been purchased in batches in the range of $54,000 to $64,000, with continued gradual position building at a rate of 5% per purchase.