How about the $15,479 bottom that had taken place in November 2022? What are the odds that the bottom is in?
You can also choose other price targets and try to figure out odds that the BTC price might hit those price points. How much value are you going to set aside in order to be able to buy BTC at those various price points ... and then what if they do not end up playing out? Are you going to be o.k. with still holding value that is not in BTC?
Also, what about selling BTC in order to buy lower? Good luck with that, even though people do these kinds of things (even people who are in their earlier stages of BTC accumulation... and will those kinds of tactics work out?
Of course in this thread we are not really getting into selling to buy back lower because we are largely wanting to emphasize tactics to either regularly buy and/or to figure out various points in which we buy on dips and how much of a dip do we buy and how much we might save for further dips, if such further dips were to occur. and then if they don't occur, then what do we do? Are we still ok.. with that?
Yes. I also agree that volatility is unavoidable and attacks on Bitcoin in these 2 days are likely to be of short term duration even though we know the Bitcoin ecosystem is very complex, with both positive and negative elements affecting its price although It is difficult to determine the exact probability of price movement in certain period of time. Establishing a regular buying strategy, identifying buying opportunities during a downturn, and allocating funds for further potential downturns I think is exactly what you meant and If those downturns don't happen again we need to reassess and adjust.
In November 2022, Bitcoin bottomed out at $15,479. However, today the situation has changed and the correlation may be different. In evaluating the opportunities for the current price movement, it should be noted that there is a lot of resistance awaiting Bitcoin between 26.9k to 27.1k. Therefore, it is not advisable to expect a sudden price increase outside this range. As long as Bitcoin stays above the May low (preferably above the PW Low), expect Bitcoin to move slowly towards resistance, possibly experiencing some resistance.
However, if no bad news is issued, there is a possibility for the price to increase towards the 28-29k region and I think, The key is to remain flexible and adapt to the ever-changing market dynamics.