Now just to wait for a dip to hodl, and I right?
Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.
All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!
I'm surprised, expecting a DIP in this 2024, I do no think so. The market is currently recovering and I don't think we should expect anymore DIP. The DIP which we have been anticipating is now at this price for those who earlier missed buy at the $15k+, $20k+ and $30k+ as long we are still below the last ATH, I consider it a good DIP for many investors to come in.
. 2016 was very similar, people thought the bull market had already begun and the price was "UP ONLY", but instead there was a -40% correction and 6 months of consolidation before moving higher.
NEVER be surprised to see such an aggressive dip when not in a "full-blown" bull market. Until $48.5K is reclaimed and passed on long-term time-frames, this move (from $15.5K to $49K) will forever be a dead cat bounce, just like in 2019 as well as 2016, as it's the expected retracement level from $69K to $15.5K (61.8%).
The main difference is, after this expected retracement level, Bitcoin has never fallen lower than it's low the year before, even if it came close in 2020 due to a black swan event, so it's technically a dead cat bounce without bearish continuation basically. Even if full-blown bull markets, when price has reached a new ATH there are still dips of usually up to -35%, but otherwise more recently (2021) up to -50% now apparently.
TL:DR: There are always dips.
Plus people in the topic who are convinced that there will be "NO MORE MAJOR DIPS" should stop thinking binarily and start thinking in probabilities. Because with the macro-economics looking bad in major economies like China and the United States, it could start a systemic event that might take the economies in different regions around the world with them.
The unemployment data in the United States will be a leading indicator in knowing if there will be a sudden crash, and if Jerome Powell starts to pivot - For the wrong reasons. The "soft-landing" might not happen. It will be "higher for longer" until something will break.