Dollar Cost Averaging (DCA) is a popular and wise investment strategy that some traders employ to buy into an asset using capital at different time intervals regardless of market sentiment. This is a way to profit from potential price rallies and bottoms while they last. Bitcoin has gone through multiple bull and bear cycles since its creation, which commonly sees it trading at both high and low points respectively. It is almost impossible to time these characteristics accurately, so a DCA strategy ensures investors don't miss out on the chance of taking profitable trade actions. For instance, at the time of writing, Bitcoin is seen trading at $29,163. Furthermore, the fear and greed index of the coin shows there is still a level of greed among traders, however, extreme greed may indicate a potential price retracement, while an extreme fear presents an opportunity for investors to capitalize on the markets.



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