See the comment of an authority and market wizard. Final part of the post: (What if the price drops more, buy more.) Then I say: For those who have an infinite reserve of capital or a money-printing machine at home, indeed, it’s a great strategy.
Post
mosesifunanya
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$BTC (1M) - Bitcoin just entered the zone where previous cycle bottoms formed.
The monthly RSI just dropped below 44.
Why does that matter?
Every major cycle bottom formed at or below this level.
✅ 2015 → RSI 44
✅ 2019 → RSI 44
✅ 2022 → RSI 40
Now we're back there again with the RSI sitting at 42.
Could Bitcoin still go lower?
Absolutely.
In 2020, price continued lower even after entering this zone.
But if you're waiting to buy the exact bottom...
you're probably looking at it the wrong way.
The goal isn't to nail the bottom.
The goal is to accumulate when Bitcoin is trading in historically attractive zones.
That's why I prefer scaling in.
DCA now.
And if price goes lower, buy more.
The monthly RSI just dropped below 44.
Why does that matter?
Every major cycle bottom formed at or below this level.
✅ 2015 → RSI 44
✅ 2019 → RSI 44
✅ 2022 → RSI 40
Now we're back there again with the RSI sitting at 42.
Could Bitcoin still go lower?
Absolutely.
In 2020, price continued lower even after entering this zone.
But if you're waiting to buy the exact bottom...
you're probably looking at it the wrong way.
The goal isn't to nail the bottom.
The goal is to accumulate when Bitcoin is trading in historically attractive zones.
That's why I prefer scaling in.
DCA now.
And if price goes lower, buy more.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.