The way Bitcoin price is going down every week is seems we might be getting back to amount of $40-35k if care is not taken because from all indication the market price hasn't been productive and we can't say it will get back to that amount we have all been expecting like the $70k and I have been hoping to see Bitcoin price hit $70k since the last time it got to that amount. For now Bitcoin price is $54k and the week have just started but I can't say it will get to anything close to $60k before the week runs out and this month can't get to anything close to $60k.
I have not seen the BTC price go down every week. Sure we have had quite a bit of consolidation going on since March, and sure there seems to be a bit of a downward trajectory, yet that appearance of a downward trajectory since March does not give any assurance that we are either still not in a bear market or that we are going to have any more correction than we have already had.
Sure, no problem to prepare for down both financially and psychologically, yet I hope you are prepared for up in the event that down does not happen.
Remember it is possible to prepare for UP and DOWN at the same time, so how much preparation that any of us should put into preparing for down versus preparing for up remains a bit of a personal discretionary situation, and in my experience way too many folks are way too prepared for DOWN rather than being prepared for UP, even though sure it can be depressing when you buy BTC (Or even a lot of BTC and then the BTC price goes further down), yet it is still up to you to figure out how much of a difference it really makes if you end up regularly, ongoingly and persistently are buying BTC and then you run out of money to buy dips, so each week you have your allowance, yet the BTC price dips after you buy some BTC and so then you have to wait until the following week before you have more money to buy some more BTC. How much should it matter if you end up missing that dip because you ran out of money? I doubt that it matters very much, but hey each person is free to make his own determinations in regards to how much efforts he is going to put into buying BTC regularly versus how much efforts he is going to put into waiting around and/or strategizing for dips that may or may not end up happening.
Part of the reason that I recommend that newbies buy bitcoin every week for at least a whole cycle (and to employ their BTC buys manually) is that they are more likely to be able to catch various dips if he is buying BTC every week, and so those kinds of regular BTC buys should make him sufficiently happy about buying regularly and consistently, largely getting the dip, if such dip happens, and not worried about whether BTC prices might go into the $35k-$40k price range or not. If the BTC price goes into the $35k to 40k prices then he would be buying $100 per week (or whatever is his weekly amount) at those lower prices rather than current prices and rather than higher prices. Why should it matter very much if the guy buys at $35k to $40k or $55k-ish $65k-ish or $70k-ish? I would think that a guy (especially any newbies to bitcoin) would be preferring to be buying his BTC at lower prices rather than at higher prices, especially if he is in his earliest of stages of BTC accumulation...so yeah, maybe 10-ish years down the road he might be reassessing to figure out if it might be time to start to employ selling tactics and assuming that some time prior to 10 years he might have had accomplished most of his BTC accumulation targets. which surely need to be measured as we go rather than presuming where we might be 4-10 years or longer down the road.