Bitcoin prices may soon move higher as analysts believe that the recent decline represents a brief period of profit taking that is coming to an end 2022 is fueling a bullish narrative among the world's largest crypto investors.
We don't need the analyst to tell us that as it's public information that after a bull market, bear market follows which last for sometime until the hype of Bitcoin halving takes effect then the market starts recovering. Right now the market is oversold that Why we're seeing signs of recovering happening but we shouldn't be carried away yet.
We should still stick to dollar cost average as that's the best strategy to buy Bitcoin until the market fully recovers. If you rush into buying now and we dip further, you will miss out on opportunities to have bought at a lower price.