A widely followed crypto analyst is sharing his latest plan on Bitcoin (BTC) while charting out what’s next for Dogecoin (DOGE).
Pseudonymous crypt trader Rekt Capital tells his 353,200 followers on the social media platform X that he plans to dollar cost average into BTC in preparation for the Bitcoin halving.
“BTC
My plan is to dollar cost average for the remainder of the Pre-Halving period in preparation for the parabola after the Halving.”
Source: Rekt Capital/X
The Bitcoin halving is a programmed event that reduces the reward for mining new bitcoins by half every four years, making Bitcoin more scarce and valuable over time. The next halving is scheduled for April 2024.
Dollar-cost averaging is a strategy of investing a fixed amount of money at regular intervals, regardless of the price of the asset. This can help investors to reduce their risk and lower their average cost per share over time.
Rekt Capital also breaks down Bitcoin’s candle chart.
“BTC
Get through Ca
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