Famous on-chain analyst Charles Edwards explained his long-term investment strategy by sharing a rare Bitcoin (BTC) metric.
Edwards is a recent social media in your postfor long-term Bitcoin investments most trusted metric And details explained. by investors rare used Bitcoin production cost stating that the metric never misleads him Edwardsbitcoin price on chart FTX even after its bankruptcy, it made a mark that this metric was withdrawn from support.
Stating that the metric points to historical turning points, the analyst said that the trend changes every time the Bitcoin price touches the production cost, and that this is the case. It is a reliable buying point for long-term investment. stated.
Your metric an unmistakable signal for long-term investment Mentioning that this was the case, Edwards detailed his statement with the following statements:
In the past, whenever the Bitcoin price touched the cost of electricity, it was a great point for a long-term investment. No deviation. This chart is by far my most reliable long-term Bitcoin metric.
CoinGecko data in the last 24 hours 2.2% depreciating bitcoinat the time of writing from $27,891 is being traded.
