I think more time to accumulate will occur this year though it seems we wont be going back to the lows of the year, thats been rejected a few times. I do think it takes some time to get past 70k and properly move beyond. The real time to buy was either in the teens or when we were rising from there, it required more confidence to do so. Right now we've been stuck in a range for 6 months, most tempting thing is to buy the lows of that range and sell the highs hence it repeats.
Are you investing on Bitcoin with DCA method?
Well, my reasons for asking this question is because I have known some folks that DCA on Bitcoin and are planning to hold for long term aren't panicking at all because of the current price of Bitcoin because they sees it as an opportunity to keep on buying more Bitcoin.
However it's important to know that we are dealing on Bitcoin, and Bitcoin is nothing like altcoins/shitcoins that do pump price and some few hours go below the price they were and remain there forever.
If we know the kind of potentials Bitcoin has we won't have double minded to invest on Bitcoin even if the price is not pumping.
However, month ago Bitcoin exceeded $74k and it comes down to its current price, which means it has given us an opportunity to invest and hold more for the long run. As Bitcoin is concern, we are supposed to know that 2024/2025 we are going to experience some significant change on Bitcoin price, so I do say that this is a better opportunity for us all to get started with the help of DCA method.