The simple answer is, I don’t know. While the chances are there, there are also chances for it to go to the low end of $70k, each scenario is just as likely as the other.
Our main focus should not be to worry about when it could go back, our focus should be at preparation for the move above $100k.
How best to prepare? Well, we are kind of in an awkward range, so I am waiting for 1 of 2 things.
A move below $75k. If that happens I will enter with 50% of my portfolio’s cash reserves, simply because of the fact that 75k is a really good level, and the other 50% I will split up at milestones as we push up (80k, 90k, 95k, 100k, 105k). If we do go lower I will also split to add some more at lower levels.
Scenario two is simply just a push straight up, where I will start adding immediately if we never see lower levels again.
It’s impossible to know what will happen for sure, which is why we must stay prepared for every scenario.
I will keep sending updates here so you know exactly what I am doing.
(This is just my opinion, not financial advice)