Is there really a way to use news to predict the price of Bitcoin? Have you tried it before and predicted it correctly through the news? Well, it is obvious you are suggestion panic buying and probably selling too as you will not hesitate to sell when the news does not seem favorable. In all honesty, this is akin to gambling!
Unfortunately, looking at the news to be able to predict Bitcoin price is not really necessary because, by the caption of this thread, we are buying and holding for long. Therefore, our main focus is how to accumulate as many Bitcoin as we can possibly get while being able to hold for long without being compelled to sell haphazardly.
Absolutely not, there is no way to correctly predict Bitcoin price overtime by using news items and technical analysis can provide into market sentiment, but they are far from fool proof. Technical analysis is not a perfect science, it is science of probability that relies on historical trends and patterns, which may not necessarily repeat in future.
The most effective and widely recognized strategy is to accumulate Bitcoin by employing DCA , as frequently discussed here. Additionally opportunistic purchasing during significant dips can further lower avaerage cost of investment.