Bitcoin weekly chart analysis with possible bottom anticipation
Hello all,
As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so.
I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA (Dollar Cost Average).
I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !
As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so.
I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA (Dollar Cost Average).
I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !