Going $103,700 lower from the ATH of $112K is not a much fall but just a fair correction which has given an advantage to buy at a little DIP price considering the ATH it got. I even want the price to fall below $100k so that i can buy more DIPs before the price begins to skyrocket again because even as the price is falling, market indications still give promising signs of a possible retracement back to $112k ATH and above. Buying few more sats before the price rebounds isn't gonna be a bad move.
The truth is that Bitcoin is unpredictable. Just as the price has dropped now without anyone knowing it would, that's also how it can suddenly pump without warning. So, the best way is to keep buying.if someone is new and has never started investing in Bitcoin before, this is another great opportunity to buy. It's possible that this will be Bitcoin bottom price level, and you may not see another opportunity like this again.As a new investor, don’t procrastinate or wait to buy while trying to predict the market,thinking the price will fall further which may not be a good strategy. Anything can happen in the Bitcoin market, but to be on the safer side, it’s best to start buying gradually using the DCA (Dollar Cost Averaging) method.
Bitcoin is indeed unpredictable in the short term or in the near future, but in the long term Bitcoin can be predicted easily because in the end the price will go back up after going down because there will always be a decline that becomes an opportunity for those who want to buy when the price is down even though actually any price is the right time to buy if the goal is long term.
Therefore, the DCA strategy is the best solution to overcome the very volatile Bitcoin, because we can buy it in two directions when Bitcoin is going up or down routinely and consistently without paying attention to market conditions which will ultimately increase the two-way purchase and also make the Bitcoin owned accumulate to be large and will also generate very large profits in the long term. So if the goal is for the long term, it is better not to care about market conditions and never delay buying just because you want a price below to buy it because in the near future Bitcoin is not easy to predict so buy when you have money without having to delay it for any reason because in the end Bitcoin will go back up and you will regret it if you delay it because you expect the price of Bitcoin to continue to fall which eventually goes up little by little which will cause regret.