The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase,
That's not the mindset of the traders only, holders purchase on dip knowing that bitcoin will definitely increase and it increase will be greater than now, example, bitcoin hits sixty thousands [60k] last year, and before it got to sixty thousands, the price were below 60k, but this year the price hits hundreds and twenty four thousand [124k] which nobody knew that the price will increase to such price, even next year the price can be more than the current price, so immediately the price of Bitcoin falls from 124k many rush and purchase knowing the next move will be higher than 124k.
No one can predict in advance which direction the market will move next, that's why it's a challenge for big investors to decide when to buy Bitcoin. However, I think investors shouldn't analyze the market too much when investing in Bitcoin. There are many ways to analyze the market, but those who are interested in investing may think that the Bitcoin market was very low at this time last year, so the market may go down again this year, so that investor refrains from investing and waits for the market to go down. This is definitely a misconception, seeing that the market was at a low level last year, there is no reason to think that the Bitcoin market will go down in the future. Maybe those who are delaying investing so much may be waiting for the market to go down, but the market did not go down, but the market went up, but this opportunity will also be missed for all those investors.
It is true that the price fell last year, so the price may not fall again this year. The price of BTC is not based on the time of the day before or the next day or does not follow the previous year's calculation. The movement of the market depends on many factors. For example: institutional investment and the global economy, sometimes government policies and human adaptation, the price is higher or lower. So no one can say for sure when the price will go up or down or how much it will go down. So calculate your profit and sell when the price increases significantly or makes a profit and keep buying Bitcoin when the price starts to fall.