I am seeing so much optimism among Bitcoinist on this forum and we are all hoping to make profit before the bull market comes to an end. After which, we will be looking to gather into bans (our portfolio) again, so my question is, what are you speculations about the lowest price of Bitcoin during the bull season. Share your opinion so that we will not start DCAing at the Top and feeling bad at the bottom. At what price should we start DCAing in expectation for the next halving bull Run?
i think it is tough to predict the exact bottom during a bull market retrace but historically bitcoin often pulls back 30-50% after hitting a peak. My strategy would be to start DCAing gradually once the hype cools and the price stabilizes near strong support levels.
Well, you may be right that the price of bitcoin often pulls back 30 to 50 percent from its all time high during a bear season, but this is for previously circles I believe, and I think it's important that we all understand that alot of things have changed so far with bitcoin and perhaps; the entire crypto Ecosystem.
Previous circles is no longer the same as this current circle, in previous circles, there weren't any or alot of government support for bitcoin, there were no ETFs, there were no regulatory clarity and so on, but today, we have alot of this developments, we have even the support and backing the president of the US.
If we put all of this into consideration, it's easy to assume that the price of bitcoin won't drop as much in the coming bear season, as it used to drop in the previous bear seasons.