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.
When the opportunity arises, buying low is attractive, but it's not always a good idea to enter the market with that mentality because you'll always be anticipating when the price will be low again. Likewise, if the price of Bitcoin refuses to fall to your price target and instead keeps rising, you'll be losing out on a great buying opportunity by not buying at initial stage. . My understanding is that buying whenever you have the money is the best course of action.
Just accept that no one can predict what the price will be in the future. Anyone who claims otherwise is lying, which is why you should enter the Bitcoin market with a single thought. Cryptocurrencies in general are very speculative and volatile investments. You might earn some x, but you might also incur some losses.
Everyone thinks of buying when the price is at its lowest, but it's hard to pinpoint where the low is, and I think now is one of those points. The best step for us to buy is to buy slowly. If we aim to invest in the long term I think this will not be a problem, because the price of bitcoin shows a good cycle for the long term. We have gone through several years where the bitcoin cycle is at a point where bitcoin will soon return with a bullish trend. We don't know exactly when, but I'm sure it will come soon.