Price down today to almost $55k so he did buy too early and currently he lost approximately $15k if he bought at $59k. I hope OP remain calm and not shaking right now but I suggest to just hold and try to DCA.
Yeah, buying right now will get them a better buying average prices as bitcoin market started trading below $57k levels. If they have funds still available then in my opinion also buying right now is recommended because I guess market may not fall further from the current levels and we may get back to recovery which may last until we have a new ATH.
BTC price is way too volatile in this bull market if you are weak hand and dont know how to control your emotions you may lose huge amount of money, whales are too good shaking weak hands be very careful with your actions.
This is the reason I never suggest anyone to get into bitcoin for short term benefits. We must buy at dips but only with long term plans. In long term, we may easily get $100k to $180k levels in next 3 to 5 months. It is highly expected we may have bullish trend till second quarter of next year.
It is very difficult to predict how much Bitcoin will fall, therefore I suggest buying Bitcoin at the current price of around 20% -30% of the capital
we have. So when the Bitcoin price goes down we still have the capital to buy Bitcoin again at a cheaper price. That way we can make a big profit
if the Bitcoin price recovers and rises again above $60k. My prediction is that Bitcoin probably won't drop below $50k, so as you predict Bitcoin
won't drop too far from its current price. I am optimistic that next week some big investors will start to enter the market again, after successfully
taking profit. So don't really worry if we buy Bitcoin too expensive, because Bitcoin will always create new ATH. As long as we can be patient,
we should be able to make a profit from Bitcoin.