I do not know if bitcoin will go that far, but now prices are down and better to buy now. Or if you still expect lower prices you can wait a few more days, maybe it could reach $ 1,500. I think this is the best choice. Because if we buy after 1 August we will not know the price will rise or fall. If the price goes up you can hold it, and if the price still goes down you can buy some bitcoin again.