You can't predict the market and you dont have to wait for bitcoin to drop to a particular price before buying Bitcoin. You can always buy Bitcoin so far as you are opportune to buy and if the market drop to the price that you have been anticipating for, then it is an opportunity to buy more Bitcoin.
As an Investor you have no business with predicting the price of Bitcoin because that's typically the hand work of traders and it is not easy to predict the price of Bitcoin because it is a volatile asset. Anyone who calls himself or herself an investor and is predicting the price of Bitcoin is really wasting time and this person will either sell before time or panic. To save one from the trauma that comes after predicting Bitcoin and didn't work, the person should accumulate Bitcoin and hold for a long term and stop wasting time and giving himself false hope as what they are predicting is not certain.
True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….
Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.
Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.
Price prediction and timing of the markets is for traders alone and not for an investor who's buying and holding for the long term. An investor has no business with the market especially if he is investing for the long term rather his major aim is to accumulate bitcoin until he reaches his targets. Obviously predicting the price is common among Bitcoin enthusiasts but predicting it correctly falls as a probability but what's the essence of predicting the markets when we may never get it right. Our energy should be Used in accumulating bitcoin consistently for the long term from our discretional income and holding for a period of 4-10 years.