At this current price in the market, is not good to rush to the market to buy BTC now because it will still drop again to reach $70k within this month, which it will give many investors the opportunity to buy more.
How sure are you that Bitcoin's price is coming down to $70k? The truth is that nobody can actually predict the price of Bitcoin, whether it will go up or down. Even if the price of Bitcoin is going down, there is no assurance it will stop at $70k, $75k, or even less than that.
Some people lose the opportunity to acquire Bitcoin because of this kind of prediction. Predictions like these can cause someone to keep waiting and waiting. Even if Bitcoin reaches the $70k you predicted, their mind may still tell them to wait for a further dip. This is how some people lose their opportunity in Bitcoin.Instead of waiting for Bitcoin to drop to a specific level which you are not certain of it is better to use the DCA (Dollar Cost Averaging) method. By buying Bitcoin weekly or monthly, you reduce the risk of missing out on opportunities.
For example, because of advice to ,wait for a dip my friend lost the opportunity to invest in Bitcoin when the price was still around $30k. He was supposed to buy when the price was low, but he decided not to because of predictions he read on social media claiming that Bitcoin would still drop further. He ended up waiting and only started investing recently.Waiting for a dip is not the way forward, because the price level you expect Bitcoin to reach might never come. The best option is to apply to DCA method.