I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Bitcoin goes through extreme volatility as its price can reach high or low at any time. But one can never predict when it will turn bullish or bearish. A few days ago Bitcoin touched the new ATH which is not to say that another ATH will not touch it. During this period, if a Bitcoin holder does DCA, he will get two benefits, one is to buy at a lower price when the market goes down or bearish, and the other is to benefit from his accumulated wealth when the market is likely to turn bullish. Since the probability of Bitcoin being 100K is very high. So this is still a good time for long-term holders or those looking to buy Bitcoin. If the market dips a bit from here, there will be a chance to recover quickly. Although some speculate that the Bitcoin price will dip further before it gets the new all time high but it won't stable at that price.