How I plan to accumulate
$BTC this bear market?👇
Just to give you an idea how long does this bloody market usually lasts, let's pull out some data from the last two previous bear markets, 2018 and 2022.
Both scenarios lasted for more than 360 days, so if we take that into account and use it as a guide that means we are not at the bottom anytime soon.
2018 bottom occurred in December
2022 bottom occurred in November
So as you can see, the timeline became shorter. Similar to the peak of each cycle
2017 peak occurred in December
2021 peak occurred in November
2025 peak occurred in October
In this scenario, every cycle becomes shorter. Each peak and bottom happens earlier than the previous one.
With that said, I don't think we're gonna see the bottom in Q4 this year, it might come earlier, like in Q3.
This idea is not for predicting and catching the bottom, that's too hard, at least for me. We can just use this historical data as a guide for where we are at this stage of the market.
There's a famous quote saying that:
"History doesn't always repeat itself, but it often rhymes"
As for where my target buying price for Bitcoin, I'll start accumulating from $60,000 all the way down.
I'd be too damn happy if I get an average entry of anything below $60k, the lower the better.
I'm not gonna buy aggressively, I will accumulate slow and steady.
- Shun