If you ever used to watch Ben Cowen, he used to talk about the "Bitcoin bull market support band", which at the time, was the 20 week moving average. As you can see, since this cycle has been slower and the gains far less exaggerated on a percentage basis, it looks like it's now the 50 week EMA, or exponential moving average if you're new to all this. If we trade under this for a while, then I'll believe the guys saying "the bear market has begun." I still won't give a rat's ass because I DCA and have no plans of stopping. In fact, I like to double my DCA once BTC drops by 40% or more. I've been in BTC since 2017, and the one thing I know for sure about it, is that it always likes to surprise. It's going to keep doing things for the first time because it's still a relatively young asset. In other words, you can always expect the unexpected. I love BTC because it's helped me achieve most of my financial goals, but only because I've kept a long term perspective, and I believe that this asset will trade for over a million dollars in my lifetime. I can't predict when that will happen, but I know if I just keep stacking a little every day, I'll be better positioned for when it does than if I try to trade it and end up losing sats. I figured I'd share my thoughts since a lot of the posts I've seen on this sub have been doom posts about small drops in the price, and the massive liquidation event last week that wiped out all the leveraged guys. Be well my fellow humans and keep the faith, your patience will be rewarded eventually.
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