Also lot of investors bought Bitcoin at $40k and some bought @ $50k/$60k but it happened that the price has really declined in the past few months, giving investors more opportunity to buy more.
Some investors probably stop buying after they bought around $40k-$60k and failed to take profits, they may feel afraid. There are also some investors who already spent all their funds, so they have no money anymore. Others may still want to wait for a cheaper price to buy again. Several people think the right time to buy when BTC price declines to $20k.
I believe is right to buy Bitcoin now and also Wait for the bullish market to come.
I don't think so. I and many people are waiting for more decline. The price of BTC looks like very possible to drop below $20k.