Buying Bitcoin now at the current price of $62.5k does not interest me. It can easily fall down to the $45k-50k range in the next 3-4 months before finding a bottom and that is where i will buy as id rather save money next few months to then be able to buy more at the lows.
My question to you is, would you buy it if the price dropped to $50k? Or will you continue to haggle and say that $50k isnt appealing and could be reduced to below $40k?
I know everyone has a different strategy, but honestly, I dont believe those who didnt buy at the current price will buy when its lower. With Bitcoin already down more than 50% from its peak, that is an attractive price level that any serious investor would be reluctant to pass up.
I will definitely buy at $50k as that is a big enough price drop for me from the high.
The last bear market it fell 78% from the 2021 high and its only down 52% so far from last years $126k high, it has a lot more to fall over the next few months.
Id be very surprised if it doesn't fall down to at least $52k.
