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.
It's very true that a lot of investors in the Bitcoin space focus more on preparing for potential downsides of Bitcoin rather than also considering preparing for potential upsides. This is mostly caused by multiple reasons, for some, it could be for psychological reasons, and to some it could be emotional reasons and to others, this could be due to experiential factors and sometimes it could even be a combination of the above listed factors.
Most investors are so focused on the fear of losses as well as the desire to protect their capital, which often leads to focusing more on mitigating potential downsides.
Again, the unpredictability and volatility that engulfs the Bitcoin market often have the ability to instill a cautious mindset on investors and this mostly leads to prioritization of risk management over potential gains. It's very important for investors to strike a balance between preparing for possible both up and downsides because of there's no balance, and an investor prepares more for the downsides, it has the potential of leading to missed opportunities, because rather than seizing opportunities to capture potential upsides, an investor will be more focused on the downsides so as to mitigate the risks of losses.