Currently 100k dollar prediction is on everyone's lips but no one can say anything for sure when bitcoin will reach 100k dollar. However, the current market condition of Bitcoin doesn't seem like Bitcoin can reach $100k in 2024. However, the Bitcoin market may increase in the month of October as there is a record of Bitcoin growth in the month of October in other years.
We should tend to accumulate bitcoins by DCAing regardless of the price and distract ourselves from the price increase projections that are presented to us in different months. Bitcoin Price Prediction However, you should focus your investment strategy on long-term accumulation and focus more on floating fund growth accordingly. In fact, looking at the price history for the month of October, the probability of getting the real picture may take a positive direction for you, but with time, you should tend to increase your holdings more with your investment plan.
By keeping yourself engaged with each cycle, you have the potential to get huge holdings of Bitcoin, and as an investor you should continue to hold Bitcoin by making decisions in place of your own values and aligning with the potential.
Will you also continue to buy Bitcoin with the DCA you used when Bitcoin reached $70k?
We do not know when Bitcoin will reach $100k. It could not happen this year. But people will also think about whether buying at $70k will be risky with the investment that has been built since the beginning with DCA.
Let's say this year Bitcoin increases to $70k but does not reach the $100k target. And some investors will also think about waiting for a possible price drop.
DCA is indeed a good investment strategy for the long term. But now everyone is thinking about the pump to $100k. If the situation cannot be achieved, more investors will wait for the moment of decline that occurs after the pump.