This is an interesting accumulation, I hope it's not a fake signal. Because some moments I see there is a fake phase that starts a new ATH. But I am indeed very optimistic that Bitcoin has a better value for the post halving period. This is because 2 times I have passed that period.

Hopefully there are no bad fundamentals such as the decision to raise interest rates by the Fed due to inflation. Because in some periods an interest rate hike can always undermine the acceleration of Bitcoin's price increase. Meanwhile political issues and decisions by the SEC I think can be a good and bad fundamental for this bull period. As I read June 11-12, the Fed will make a decision on the next interest rate policy

DCA is the best option, I think those who have more money power is good strategi. Because they have oportunity to excecute in much moment. It doesn't apply much to me due to money limitations. I just keep trying not to sell BTC before I can see the realistic targets I have planned. Hopefully, the Great Bull will come soon and we can make good use of that moment.

Source: https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-prediction-2024/

Yep, I am confident that this will come too. 

Well, that's kinda obvious, supply is getting lower, and there is less and less BTC on exchanges. And I'm a small part of that too, been taking BTC from exchanges to OWNR wallet.

Panic can appear quickly with a fud on the market and people will response immediately with panic sell.

It's difference on how greed will appear in the market because it takes more time to warm up, to spread news for people to read, hear, watch and slowly digest it with a long time. The warm up time is very long like months and people need time to do their research, go from doubt to a little bit interested in but still hesitate to invest. Finally they decide to invest or just spend money and very shortly after that, we will see FOMO wave on the market.

FOMO does not last too long but it will last longer than panic time. People will have more time like days, weeks to take profit than time to sell, cut loss or close their position to avoid margin calls, liquidations.

That is because it is.


There are were other factors at play too. There are were a lot of other things that made people look at other assets for investments then traditional ones.




Glassnode talks out their ass. They act like they know everything and it has been proven many times that they are wrong.
They see a bunch of BTC "leave" an exchange and tell everyone it's outflow. A few weeks later it is found out that they moved the BTC to what was at the time an unknown cold storage address that still belonged to the exhcnage....

-Dave

We all have to be patient. While there have been hypes left and right on the crypto market, Bitcoin remains to be stably moving up and crossing back to its new ATH that has been reached.

Only if they will be patient and able to make it because in the upcoming months, surely there will be greater prices and they're going to be tempted to sell.

But no matter at what prices they sell, if they're in profit then that's the main reason why we've held.

During price decline, it just means that there’s not much demand to buy bitcoin and those who are holding it are basically not in any pressure to sell.

Now however during times of price increase, those who have held since a long time ago might now see an opportunity to finally claim their profit. As the price rises, more and more people are going to want to buy which will further increase the value of bitcoin.

“Continue your DCA” This is my favorite tip, yes this is the best strategy to follow at the moment and the best investment advice.

Real long-term investors know well the value of this advice and they do not care about all these temporary rises and falls, unlike speculators who burn their nerves in front of screens watching the decline and rise of indicators.

I am confident that the big rise is coming and I am completely reassured that we will achieve an unprecedented historical ATH, so I will not waste my time monitoring indicators.

I don't disagree with the conclusion drawn in the OP. I would also recommend to continue a DCA-based strategy now, as I see us firmly in a bull market, even if there may more dips to follow.

However, I want to point out that the exchange holding graphs of Cryptoquant, Glassnode etc. look much more dramatic than they really are.

For example, between January 2023 and today according to Cryptoquant the exchange holdings went down from 2.2 million to 1.9 million Bitcoins. 300000 BTC less, that is a respectable number, you'll say It's the equivalent of 20.4 billion USD (at a price of 68000$ per BTC).

But this equation is wrong, because the BTC price in January 2023 (Edit: lol, I wrote 2020 first) was at about $20000.

So if you take the dollar value, the USD value of BTC exchange holdings went actually up, and by a lot - from 44 billion USD to 129 billion! This means exactly what it means: that you need almost three times the dollars to buy all Bitcoins on exchanges than in January 2023!

Now some will be scared a bit perhaps But that wasn't actually my intention. This is something that happens in all bull markets. But it is also one of the reasons why the volatility at the end of the bull markets is so high. For a supercycle or so, we'll need much more dramatic decreases of the exchange supply.