Although these things aren't always cast in stones, technically speaking from the TA you are absolutely right. This is one of the right times to buy in as Bitcoin price is trading on the 200 daily MA st $7,340+ and has formed a support with that. From my graph, price is attempting a bounce off it. If it ends that way today, we are most likely going to see a push upward from there. But if it bridges it, then we go further down.