Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.
The bankruptcy of the SVB bank because the Fed was too harsh in raising its interest rates so that it was not only the bitcoin market that was affected but caused a threat to banks that do have a little liquidity and I think that will be a consideration not to apply aggressiveness to interest rates.
Buying every dip at the current state is a pretty good thing in my opinion, because we are not yet in the bullrun phase, because if the bullrun phase has started I think it will be very difficult to find a decline like a few days ago which caused bitcoin to turn to $ 19k, and I think it's very difficult to wait for it to happen again, most likely we will make a new dip at the current resistance price.