Bitcoin price is dropping rapidly now, from around $74,020 from just 3 days ago and it is currently at $69,500 as I type. Bitcoin is volatile in nature and it's volatility brings about both buying and selling opportunities to investors and I believe it is about time again which investors have been waiting for to buy more quantities at cheaper prices to hold.
The price has dropped below $65,000 dollar, this can be the sign of bear market because we have heard of liquidation among spot traders and the price is not looking like it will go back soon, and some weak investors are already selling their Bitcoins already, maybe they are the short time traders that are buying to hold for just few weeks or months, then sell for their profit.
The approach of buying the dip now is good, waiting more can still be good because the price is still dropping and will probably keep dropping as many have been speculating that the bear market is around.