In the previous cycle I did the same, when bitcoin became more expensive than 40k I stopped buying, but continued to accumulate stablecoins, there was a lot of hype then and all the headlines said that bitcoin would go to 100k, but it only reached 69k and went down, but I was in no hurry to buy, I waited for it to go below 30k, and then I started buying and bought all the time until the price reached 40k again, after that I stopped buying again, but as before I continue to accumulate stablecoins.
This time when bitcoin reaches 130k (because I believe that the bull run is still ahead) I will sell some, maybe even most of it and wait for a new bear market. Maybe this time in a bear market I will start buying earlier, around 50k, I am not ready to say for sure yet I will act according to the situation, assessing the market. I admit that Bitcoin may at some point reach a point where its volatility will decrease significantly if governments start buying it for their reserves, but until then volatility may persist.
The truth is that it is not easy to time Bitcoin market price. The fact that it worked out for you in the previous cycle, at the price you targeted to buy it, doesn’t mean this time around you will still get it at the price you want. Bitcoin is unpredictable. I will just say that you were lucky the last time when Bitcoin’s price came down to your target price. But trust me, many have been trying the same strategy and are regretting it because they are always failing. Bitcoin doesn’t always come down to their target price.so, what I would say is that, as an investor, targeting the market is not always the way to go. Instead of waiting for a dip, they should simply apply the DCA method. This approach allows you to buy Bitcoin at different price levels, spreading your investment over time.
However, if I were to conclude now, your act of waiting for a dip to buy and then selling shortly after the price rises describes more of a trader’s behavior. Traders are the ones who time the market to buy and sell within short periods. As for your goal of targeting the next bear market, it is very possible that Bitcoin may not even come down to the $50K you are targeting to buy at again. Keep in mind that Bitcoin’s price drops to certain levels because of the economic situations the world faces during those periods. Bear market situations are usually based on the worst economic conditions.