We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?
Yeah actually mate the strategy should always be to keep accumulating because you cannot quit accumulating just because you saw the Bitcoin price ranging between $30k and you feel the price has gone way more than the price you normally wish to buy, but perhaps seeing the Bitcoin price $30k should have been a motivation to keep accumulating because it has become a crystal clear that Bitcoin price has beginning to peak up and the possibility of dropping back to the previous dip may not be possible, and since it has been given this positive moves shows that the possibility of the price to continue growing is possible so the best way is to keep accumulating using the normal DCA strategy to slowly accumulating consistently.
But however if you feel you have enough capital to Lump sum is also your decision to make so if you feel using lump sum will not affect your financial state you can go ahead.
Anyone who is still looking at price this time may probably be a skeptic or unwilling to invest in Bitcoin. I agree with philipma1957 in his analysis below, of what is playing out in the market and what to expect. This should be a pointer that the best thing to do now is to buy more.
At op. I have said over and over and over and over for months my belief is we are following the 2015-2016 pre ½ ing pattern.
we did 400 to 770 to 680
400 in sept 2015
770 in early 2016
680 at 2016 ½ ing
that would mean from now til say feb we will go close to 45-48 k
then fade to 35-38k near ½ ing and slow inch back in months after ½ ing.
So buying now makes sense.
but that is all based on us repeating 2015-2016
I will keep applying my DCA without paying any attention to price because no entry is bad now because the price of Bitcoinis still very low.