I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.
PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.
WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.
I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.
Bitcoin price may go through more volatility till the beginning of next month. It is still not possible to predict how much its price will fall but I think it will not fall below $100,000. Even if whales are active in the market it will not be under much pressure to recover to $124,000. Although Bitcoin is a volatile asset it has a strong potential to increase in value over time.
I think that by causing the market to fall and creating fear among small investors some whale investors/institutions are continuing to buy more and hoping to get high profits. Do not see volatility in this falling Bitcoin price situation. Stay calm and continue to accumulate Bitcoin regularly. DCA strategy works better during price drops accumulating more Bitcoin at a lower price.