It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.
Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.
At the moment we are speculating that this is a correction and not the beginning of the bear market. The difficulty in predicting the price is to guess by how many percent the price will fall during this correction. Many speculators assume it will be around 35%. So, answering your objections, I will answer that if this is not the beginning of the bear market, this correction is just over and this is a good time to buy.