The effect of the Bitcoin ETF approval has not fully supported Bitcoin price movements higher, today according to the data I saw at CMC Bitcoin experienced a correction of up to 6.6%. This correction further increases the enthusiasm of investors who use the DCA strategy, they can buy Bitcoin which is trading at a cheaper rate than before. Many investors expect this correction as a lead up to a jump higher, Bitcoin investors optimism is growing and they predict Bitcoin will soon reach a new all-time price.
2024 may be the most exciting momentum for investors, Bitcoin may rise to a price of $50,000 or reach $100,000. The approval of a Bitcoin ETF could bring in larger retail investors who previously didn't want to touch crypto as Bitcoin begins to be considered the mainstream of future investments. Apart from the effect of the Bitcoin ETF approval, the bitcoin halving which takes place every four years and the next period is expected to occur in May 2024 will also accelerate the price of Bitcoin to reach its all-time ATH.
A little correction, we are expecting the next halving around April, earliest March, won't take up to May before the next halving.
This is one spectacular fact about Bitcoin, it always gives room to everyone who chooses to DCA, a little correction and then a pump, that becomes the entry point of every investor.
We expect a new All Time High from Bitcoin surpassing the 100k price due to the influence of the halving and ETF approval not longer than the end of 2024 to the early of 2025. May not be too surprised if Bitcoin does not exceed the 100k price, something lesser is still considered an All Time High as long it surpassed the last ATH of $69k.
You can find a nearest support for your entry but as you've said now is the time to make to take opportunity given by sellers or maybe the influencers because for sure we know its coming back up . The current drop is just a price correction, any point of entry now will still give you point even there a longer price correction beside, you are HODLing so there's nothing to worry
Likely said, no any need to delay longer than now from topping your Bitcoin portfolio, this might be the best opportunity to accumulate better securing huge profit, you never know if the bull will continue and may not touch low to this price again, so grab this opportunity from the correction.