People are waiting to buy lower, but what if you're wrong and this is the bottom?
You never know what's going to happen next.
That's exactly the fact in the crypto world, everything is unpredictable and no one really knows what's will gonna happen.
We really don't know the bottom price in the market, but I'm sure we're in a massive correction, and anytime Bitcoin price will plunge and give everyone a good profit those patiently waiting.
That is why I personally prefer to do DCA or buy Bitcoin by average at certain rate drops.
I tend to agree with this and this is what I usually advise people when someone wanted to invest in Bitcoin but didn't know where's the bottom price.
Purchase Bitcoin in a DCA (
Dollar-Cost Averaging) way, this is a very safe way of purchasing Bitcoin while waiting to resist.