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Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?

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Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff.The more you look at prior $BTC price history the more one can think it's not the bottomAfter 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box)If time is any indicator, could be another 6 to 8 months is primarily because interest rates are lower despite Federal Reserve's recent 0.5% rate hike.

Meanwhile, cash holdings among the global fund managers have surged by 6.1% to $83 billion, the highest since the 9/11 attacks.

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