However, if the price of Bitcoin remains in a relatively flat space it is possible that the market is awaiting the next momentum. It will be advisable to wait if you consider a correction is around the corner. With this product, you can get a better price when the decline happens, and this can go a long way in making more profits especially when the stock market rises again when you are dollar cost averaging. Consequently, it can be reasonable to expect a correction and wait for the proper moment to buy stocks.
Bitcoin has increased its price today. It jumped to $61k, it was about $57k yesterday.
However, it looks still difficult to reach $65k. If it fails to reach $65k, I think it will drop again below $60k.
Sure, it is better to wait for another correction if you are not really confident to buy at the current price.
Stock market? Do you mean to switch our funds to stock market?
I think it is not really necessary. I myself mostly divide my funds, I have a certain allocation for another business like stock market. I think we don't need to move our funds there.
CMIIW