Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
If you buy at the time you're asking this question then probably you already made a profit during this time because the price of Bitcoin already touch the $30k price for the first time this year.
Anyway you want to hold for long period until the price reach its ATH, I can say it's never too late to buy at this point. However, we know the best time to buy is during dip but since you missed that chance, the current price is not that bad if your goal is for long term hodling.
For the long term I think buying now is not a bad time but it must be considered carefully first,
Bitcoin for the long term never seems to disappoint,
what is clear is to do an analysis before making a decision and that is very important.
Now he can still invest in bitcoin by buying it at the current price because the potential for bitcoin to go higher is huge. While we all have no idea when that moment will occur, the current price is still good to buy bitcoins and hold onto them for a while. Holding bitcoins for the long term can be very profitable especially since we've seen what happens to bitcoins over time.
But maybe you need to wait a while for the correction to come back into the market before you can start buying bitcoins. Right now, the price of bitcoin is increasing again and if you buy bitcoin now, you might panic a bit because usually, after an increase in the price of bitcoin you will get a correction. It's better to be patient, wait for the correction to come, and then buy bitcoin.