I am thinking more about history, past market cycles, past Bitcoin corrections from ATHs to bottoms, as main parts of my accumulation plan for the coming bear market.
I understand that I can not time the market, can not identify the market bottom but I make my plan for DCA accumulation and also reserve a fund for intensive purchases around bottom price area. That bottom fund will be used together with another fund for DCA and around bottom area, I will start to use it for purchasing bitcoins.
I think in this bear market, Bitcoin will be corrected about 55% to 65% or maximum 70% from ATH and my bottom DCA purchases will start when Bitcoin price falls to about $60k or $57k.
We are soon going to find out about this, especially now when the selling pressure is high. I am a bit certain that before we even see Christmas, the price might tumble past $80K, maybe towards the $74-75K region.
I don't if we shall have that full-blown bear market that we used to have in the past cycles now that we have new players in the game that keep buying those lows every time BTC tries to drop, but I don't think $80k will hold for long.