The psychological skill you'll need is remaining disciplined, consistent and committed to your purchases amidst market fluctuations, paying deaf ears to the markets and focusing on reaching your accumulation target faster within your holding period and better still reaching a level of over accumulation still within your holding period.
Recently, there has been this fear among investors which looks like most of them do not believe that bitcoin is going to continue going higher considering that of recent, it appears that the market has been relatively slow. investors that are considering selling their coin are the ones that lack the psychological skills that keeps them disciplined throughout the different market condition without being dragged to selling due to pressure.
The only way one can thrive through the different market condition is pretend as though you are unaware of the present market condition and stay disciplined with whatever buying strategy you are currently working with. that way, when others are selling due to fear, you are not going to get tempted to sell with them and with that, it becomes easy continue buying your bitcoin following your set out strategy.
Technical analysis or market news is available everywhere but the main difference between successful investors and unsuccessful investors is their mental toughness.
It was seen in 2018-2019 when Bitcoin fell from around 20 thousand to below 4 thousand. Many thought that this was the end but those who held on with discipline saw the price exceed 60 thousand in the bull run of 2020-2021. In conventional investments which is called DCA it is also effective in Bitcoin. Investing a fixed amount of money at regular intervals allows you to put aside emotions and get long-term benefits. History has shown that those who have done DCA regularly for a few years have almost always remained profitable even if they started at a high price.
I think the biggest mistake investors make is when they want to time the market or sell when the price drops out of fear. Maintaining discipline is not easy but if your goal is not short-term profit but to create long-term wealth then the only way is to ignore the daily noise of the market and stick to your plan.