Bitcoin is nearing its 720-day simple moving average, a historically significant support level, currently around $86,000. This development is seen as a potential entry point for long-term investors using the dollar-cost averaging (DCA) strategy. Historically, this moving average has acted as a robust foundation during previous market cycles, often preceding major bull runs. Recent data indicates a decline in network growth and reduced exchange deposits from large holders, suggesting a potential supply shock. These factors, combined with the technical setup, create a compelling narrative for strategic accumulation. However, investors must consider macroeconomic risks, such as geopolitical tensions and central bank policies, which could impact Bitcoin's price despite positive on-chain signals.