BTC Hits New High: "Buy When Price Drops" Signal Appears, Market Enters Growth Phase

This week, Bitcoin officially set a new milestone by reaching an all-time high, surpassing the previous resistance level and approaching 112,000 USD on May 22. This strong rally not only ignited investor optimism but also marked the beginning of a new growth cycle for the world’s leading cryptocurrency. CryptoQuant: Bitcoin Price Surpasses Short-Term Investor's Average Cost - An Important "Buy the Dip" Signal According to data from the on-chain analysis platform CryptoQuant, an important technical signal has appeared as the price of Bitcoin surpasses the Short-Term Holders' Average Cost Basis (. This is the average price at which this group of investors has recently purchased Bitcoin, and it is considered a psychological and technical support level in the bullish market. CryptoQuant emphasizes that during prolonged growth cycles, when the price of Bitcoin recovers beyond this cost threshold, it is often a clear signal to "buy the dip" )buy-the-dip(. Professional investors often take advantage of slight corrections during the uptrend to accumulate more positions, expecting to benefit from the next rally. Old Peak Becomes New Support – A New Growth Cycle is Starting After breaking the previous peak of around 109,356 USD, many analysts believe this is the new support level and a springboard for Bitcoin to continue rising to higher price levels. The recent Bitcoin Halving has generated strong expectations in the community, and currently, both technical factors and market sentiment are supporting a next bullish phase. The emergence of the "buy-the-dip" signal from on-chain analysis further reinforces investors' confidence that the market is truly entering a new bullish season, with significant potential to reach unprecedented price levels. Conclusion The fact that Bitcoin surpasses its historical peak and triggers a "buy when the price falls" signal is a positive signal for the entire crypto market. With the support of on-chain data analysis and expectations from the Halving cycle, many experts do not rule out the possibility that Bitcoin will continue to set new highs in the near future. Investors need to closely monitor technical support levels and take advantage of opportunities in corrections to optimize profits.