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?
Since you have $5,000, why are you sitting? If you place one trade every day you would earn a lot of money from here. And if you are weak in trading then definitely keep investing in USD and you will not get any improvement. If you had made bitcoins when the price of bitcoin was $15000 you would have more than halved your profit. Bitcoin may come to $20000 is not sure but Bitcoin is most likely to go higher. If you think the price will drop then you can wait. In my view, since you are investing for the long term, buy bitcoins from the instant market and hold them for the long term.