It's not every investor that will have the time to start analyzing the market because they're busy making money to keep their bitcoin investment ongoing. This is why if you care about buying more bitcoin at a cheaper rate, you should plan for it by building up a reserve funds , so that when there's a dip, you can buy. However, new beginners shouldn't bother about market analysis because it's useless for an investor. If you are an old investor and want to study market analysis, that's your choice. No one can know the bottom line of the dip, but with your active DCA ongoing, you will be privileged to buy at the bottom line of the dip.
If you are not a trader, why do you need to analyze the market? What does an investor do by analyzing the market where he has to buy regularly? Does an experienced investor need market analysis to be aggressive in investing? I would say, no. He does not need market analysis. Because, he may have a fund with which he can be aggressive in investing. A newbie or an oldie does not need market analysis if he does not feel the need. But I do not consider it as part of the crime.
An investor should always be focused on buying. He should analyze how he can improve his source of income or how to make his holdings bigger and safer or how to keep the backup funds strong. Market analysis is the most necessary thing for a trader. Because their core skill is on market analysis.
Although, accumulation of Bitcoin is a decentralize investment but irrespective of that the import of market analysis in Bitcoin investment cannot be undermined because it motivate investors to have more passion for investment and help to have good understanding of Bitcoin investment or even trading.
Market analysis also enable investors to evaluate the performance of their investment to enable them make good decision that will enhance the efficiency of their investment to generate good return that will optimize the sustainability of their investment in the future.
Therefore, considering the significant role of market analysis in trading and investment I will say that market nalysis is very important to both traders and investors.