There are no price predictions here it's just something I've been thinking on a lot in the last month or so. During the last price run-up, countless predictors and TA personalities were saying this over and over. Once we close over 10K you'll never see a 4 digit BTC again. Well here we are 2 months later and we are below 8k.
This just shows that a chart tells you what you really want to see. They all obviously saw the other side of the trend and would mention the chance, but went with what they were biased towards. Some of these folks are perma-bulls, some constantly bearish. Overall they see an upward trend in the long term but rarely see eye to eye on the short term. There is a reason people get wrecked trading or pull massive gains, there is no way to know for sure what is going to happen.
The only thing through all of this that makes sense, is the dollar cost averaging strategy. When you go to buy into a speculative market, best not to jump all in at once. Especially if you aren't sure you can hold out for the long term. I can't find it at the moment but about a while ago I saw a chart showing that you would be profitable even if you started buying in at the ATH, if you had continued to DCA, throughout 2018 into 2019.
Here is a different article I just found though that covers the same idea. https://www.bitcoinforbeginners.io/cryptocurrency-guide/dollar-cost-averaging-investment-strategy-bitcoin/
