Bitcoin price is still in a bear market and I expect this bear market to be long-lasting. Maybe there will be a temporary bullishness in the market, but it will not surpass the bear market. Looking at the market for investment will not be the right thing for us, especially when we are investing for the long term and that is with the DCA strategy. In long-term DCA, the market price is not important, but rather continuing to buy regularly and depositing Bitcoin in a consistent investment fund.
Yes, Bitcoin has not yet overcome its stagnation, as evidenced by the fact that on Monday, March 18th of the new year, the price of the coin briefly touched $76K, but this price was not sustainable. The biggest thing is that we have noticed that many experienced whales have sold due to the current Fed's tightening policy, as two long-term Bitcoin holders have sold more than
1650 of this coin, which has led me to notice that the BTC market has hit again but right now, if everyone has the right amount of naira, the steps to invest can be easier. Anyway there may be a temporary bullish trend but it cannot overcome the bear market but you are right that the market price is not important in DCA, but the real thing is to accumulate Bitcoin in a consistent investment portfolio.
