bitcoin fell below the $95,000 mark on Thursday, marking a 10% drop over the past three days from highs of $102,760. The coin appears to form a base around the $91,150 mark; bitcoin has not closed below this mark since November 15. This raises the question of whether it is a golden time to accumulate bitcoin, especially for investors looking for a new entry.
In addition to the favorable price action setup (like the Golden Cross), the SOPR (spent production and profit ratio) has also fallen below 1 and now stands at 0.987. This indicates that short-term investors have been selling bitcoin at a loss. Simply put, this means that bitcoin is now available at a discount. Historically too, every time the SOPR falls below 1, the price increases.
Note: SOPR measures the relationship between the value of bitcoin when they were sold and the value when they were purchased. A sell price less than the buy price produces a value less than 1.
<img data-recalc-dims="1" decoding="async" class="aligncenter wp-image-674146 size-large" src="https://technicalterrence.com/wp-content/uploads/2025/01/BTC-Nears-95000-Indicating-Ripe-Buying-Period.jpg" alt="bitcoin Coin Market Capitalization” width=”860″ height=”362″ srcset=”https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=1453 1453w, https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2025/01/Screenshot-2025-01-11-180514.jpg?w=1140 1140w” sizes=”(max-width: 860px) 100vw, 860px” loading=”lazy”/>
Often when short-term investors experience difficulties, this leads to better accumulation opportunities, which is exactly the case with bitcoin right now. If prices continue to decline, smart investors will look to benefit from lower purchase prices.
So if you are looking to buy bitcoin, this could be the right time. However, if you want to play it safe and not put all your eggs in one basket, we have something interesting for you: Meme Index ($MEMEX).
Why choose $MEMEX?
Meme Index is one of the best meme coins on the market right now, and it brings the benefits of diversification. Instead of investing your money in a single asset like bitcoin, you can buy $MEMEX to invest in a basket of currencies (indices).
Yes, you wouldn't go wrong if you considered it a mutual fund-like plan for cryptocurrencies.
Meme Index offers four indices depending on the level of risk you are willing to take:
- Titan Meme: This basket includes well-established meme coins, most of which have a market cap of over $1 billion, such as $PEPE, $DOGE, and $SHIB. This index is ideal for investors who want to play it safe.
- Moon shot: This includes meme coins that have the potential to break into the top 10. Many of them have already been listed on Tier 1 exchanges or are in the process of being listed soon.
- Mid cap: This basket includes meme coins with a market capitalization between $50 million and $250 million. Buy this index if you are willing to take a little risk as the currencies are volatile.
- Meme Frenzy: This index is designed for risk lovers with potential multibagger meme coins with high risk levels.
The project has a lot of potential. Available at a price of just $0.0151032 per token, you can benefit from early entry thanks to $MEMEX pre-salewhich is currently active. However, please note that prices will increase in the next 21 hours and then at each subsequent stage of the pre-sale.
$MEMEX has already raised $2.2 million and has a strong community of followers with <a target="_blank" href="https://x.com/memecoin_index” rel=”nofollow”>19K followers on x.
Active community members can vote on crucial issues and proposals and maneuver the direction of the project. This community-driven approach ensures that it is the investors who ultimately decide the future of the project.
Overall, $MEMEX is a one-of-a-kind basket-based investment that reduces the overall risk of your portfolio through diversification. Therefore, it is also ideal for new investors who often find it difficult to find fantastic meme coins to invest in. $MEMEXThey can simply invest in a basket of meme coins based on their risk appetite.
However, please note that this is not investment advice. As always, we strongly recommend that you do your own research and consult a financial advisor if necessary before making any investment decisions.
