Yes, you have the right time to buy Bitcoin. The price is finally down to $113k and it seems the down will still continue. So that will be your time to buy Bitcoin at a low and hodl. You don't have to worry about the price especially if the price is down for more.
You can use DCA methods to accumulate Bitcoin for some time so you can have many Bitcoins. This time, you get your chance so you should not miss that. The Bitcoin market situation is not good at the moment and that will also affect altcoins. But you can calm down and continue your Bitcoin investment.
The current price of Bitcoin is $112,000. This price drop presents a promising opportunity for all investors, both new and old, who want to buy or accumulate. However, if you already have the funds to buy Bitcoin, it's best not to wait for a deeper drop, as the price is unpredictable. However, if your goal is long-term, go for it, as the Bitcoin price will continue to rise.
And going forward, you can use the DCA method to accumulate your assets, which you will buy periodically when you have the funds, and your Bitcoin will grow significantly over the long term and also generate substantial profits.
That is a wrong strategy, at least from my experience, you don't need to wait for the price to go deeper, as the market is very hard to time. And you have to think of it in the long term, if you have that kind of mindset, then obviously, you will buy every time that there is a dip in the price as this is a golden opportunity to buy cheap Bitcoin. And if you uses DCA then that is a fool proof strategy and you will not going to lose in the long term.
And speaking of the price, it's just very volatile. Just last week the price seems to go up and we are looking to like $120k as our next stop. But then after the big news about the Fed rate cut, and the following settling it down, the price goes down hard and we are in a correction, which is a healthy one as have a strong support around $110k and I don't think that we will go down that low.