Analyst Reveals Why Bitcoin’s Current Dip Is a Prime Buying Opportunity

After weeks of sideways movement and minor pullbacks, Bitcoin has slipped below key support levels — but not everyone sees red. In fact, some analysts believe this correction presents one of the best buying opportunities in recent months.

Crypto market strategist Daniel Kwan of ChainScope Analytics is calling Bitcoin’s current range an “ideal buy zone,” citing technical and on-chain indicators that signal strength beneath the surface.

The Technical Setup

Bitcoin is currently trading around $61,000, down nearly 15% from its March peak. While bearish sentiment has crept into the market, Kwan sees a bullish structure forming on higher timeframes.

“We’re seeing a confluence of support at the 100-day moving average, along with a classic RSI reset,” Kwan explained. “That’s often where strong hands start reloading.”

Kwan also points to Fibonacci retracement levels between $59,000 and $61,500 — a zone that historically precedes upward continuation during bull cycles.

On-Chain Metrics Support the Case

Beyond charts, on-chain data is painting a similarly optimistic picture:

• Exchange Outflows Rising: More BTC is being withdrawn from centralized exchanges, suggesting accumulation by long-term holders.
• Dormant Supply Hits All-Time High: Over 70% of BTC hasn’t moved in the past 6 months, indicating strong conviction among holders.
• MVRV Ratio Approaching Undervalued Territory: The Market Value to Realized Value ratio is nearing levels that have historically marked cycle bottoms or strong reentry points.

“Smart money is clearly positioning for the next leg up,” Kwan noted. “Retail might be spooked, but institutions are quietly buying.”

Macroeconomic Context Adds Fuel

Kwan also believes the macro backdrop is creating a unique window for crypto accumulation:

• The Fed’s expected rate cuts in late 2025 are anticipated to inject more liquidity into risk assets.
• Geopolitical instability continues to drive interest in Bitcoin as a hedge asset.
• Spot Bitcoin ETF inflows, although cooling slightly, remain net positive week over week.

“These dips don’t last forever,” Kwan says. “And when the sentiment flips, it flips fast.”

While no one can predict exact bottoms, analysts like Daniel Kwan argue that Bitcoin’s current consolidation is less a sign of weakness and more of a strategic pause before the next rally.

With technical indicators aligning and on-chain data supporting accumulation, Bitcoin’s latest dip might not be a cause for concern — but an opportunity in disguise.