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.
The truth is, when it comes to investment in bitcoin for long term HODL, there is basically no need for the predictions. What will you use the information of your prediction for? Your concern is how to add more bitcoin to your portfolio and not to fan that ego of being able to predict the price movement using whatever data, it is a total waste of time.
Following the conversation here, I have realized that the best way to go about this is a dual approach that comprise of predominantly DCA and buying with lump sum when the need arises. I mean, just continue to buy using the DCA and when price goes down so much that you feel it is a nice point to get more bitcoin using lump sum, then that can be done while allowing the DCA method to still be running smoothly. With this approach you will not miss any opportunity of getting bitcoin and enjoying sharp rises in price should there be spike as a result of the coming halving and more in the future.
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.
You don't need to check any correlation of any analyst or whatever. You believe bitcoin has the potential of growth and that is all you need. Simply pay attention to buying and securing it and not some analysts that will not even hesitate to spread fear and panic and make you sell your bitcoin premature.