That does seem to be true... There tend to be quite a few opportunities to get back in, but surely, there are also a lot of folks who become too greedy because they wait too long..
And, yeah, every once in a while, the opportunities to come in below a certain price point, become no longer .. .whether or not $53k to $59k become available or whether sub $53k becomes available is still to be found out, and surely, there are not going to to be too many times that I am going to suggest for anyone to wait, unless they have already bought at sufficiently at the current price point, such as buying in the lower $60ks may well give some luxury to wait to find out whether more is going to be buyable in either the upper $50ks and the lower $50ks..
Now the price of bitcoin had crossed the 60k lane,it allow the market to go low further.Because we had the bull run for the longer period,So being a trader we must understand the new market will move to 59k-53k dollars as you said.After the mark of 70k dollars,the demand of bitcoin was reduced.The old holding people started to sell their long holding bitcoin,this was the reason for the price decline for now.When the demand was reduced and the selling ratio was gradually increased means,it automatically leads to the bear market.The reason is very simple,the new selling order was placed on the continuous way.
And don't call me a hypocrite since I still have buy oders going down into the lower $20ks, even though surely, I would be quite surprised to even see below $40k, and I think that I was close to be willing to have bet on that previously, so maybe we will see dragonvslinux re-entering the WO space.
The price of the bitcoin was struggled to reach 30k dollars last year and was in the range of 20-28k dollars for longer period.Once the market was reached the 30k mark and gradually reach the 40k dollar in the 2024 halves,the price of the bitcoin increased tremendously and reach the highest capital of 70k dollars.Many expected 80-90k mark in the May month,but the reverse path was going on.This is just the stabling of the market,but some traders get fear and reduce the price further by doing the sell order and try to cash out their bitcoin to usd.This panic selling was the biggest blunder by the new cryptocurrency traders.The bitcoin is just going to stable at 53k-55k before the next bull run to the 80k target.