Forecasting about the market is not so easy, we may think that those who make predictions about the market may not analyze the market much, if we think like this, then our idea is wrong. After doing enough analysis of the market, such comments are made as to how the market may be next or what the next target may be. Nothing can be said for sure about the market, but the analysis of those who analyze the market is completely wrong, but this is not the case. Before the price of Bitcoin touched the highs, I read many articles regarding the price of Bitcoin where many wrote that the Bitcoin market will be very positive in 2024 and Bitcoin may surpass all its past records. In 2023 I read such articles and come 2024 we saw Bitcoin break all its past records and stay at new records. We have to believe in the market, in addition to believing in the market we have to hold the investment we make only then we may get the desired results from the Bitcoin market.
Well said. In general we can't decide how any financial market work, as we only react based on past and present datas which though does not guarantee same future result. Predictions made about the market from analyst should be taken with a pinch of salt, rather than total dependence or believe.
You can only check the correlation of there analysis and yours before you assume or make any decision, the uniqueness of financial market is that; while some are buying others are selling, while you some are anticipating a drop others are anticipating a pump. So the best decision ever is on you and not any analyst, advisors or speculator.
The proven approach in the bitcoin market is applying DCA, and being discipline enough to follow your investment plan in a long term.
The basic goal should be about building a good bitcoin portfolio, buying and accumulating within your range and overtime you enjoy the dividend of it.