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?
No one can give you an exact price to start DCAing in this forum, everyone will just give you their own opinion and view of what they think the market will react to when the bearish season has began. I have also seen in this forum on another thread on how some people predict that bitcoin will fall to almost $50K during the bearish cycle and may range below that price. And when it begins to hit $30K during the bearish trend, it will cause a lot of panic as people will begin to lose trust in it and be looking to sell their holdings, holding to the fact that it’s not going to bounce back again. So everyone have their own view, just do your own research and start DCAing when you think it’s most likely okay according to your own research.
In my opinion, as it stands right now, the Bitcoin market is still in the bullish trend unless we see the price starts to blunge to $80k or $70k below, that's when we could say we are entering the bear market and can speculate on what the lowest price will be. There is yet high speculation that price could get to $120k or more this year and if that happens, then I think that Bitcoin might not go below $50k during the bear market.
Are you saying that if bitcoin does not reach $120K in this bull season, bitcoin may fall below $50K? And if does so, then what do you think the people’s reaction will be about bitcoin. Going down to $50K is kind of moderate to me but when we begin to see it going more lesser than that, it’ll really cause a lot of panic even when people know it’ll still bounce back. Some moments like this are what DCA investors are looking for. So I think as it will be a time for panic for some people, it will be the time most people will begin to accumulate more bitcoin.