Objectively, this is a fantastic time to buy Bitcoin. More specifically, 55% of the Bitcoin supply is sitting in profit. Levels like these are reserved for bear market bottoms or deep corrections (i.e. Mar 2020). That said, price can continue to drop and more of the supply can fall into loss. Buying now for a 4 year+ horizon will likely reap rewards. Waiting for potentially lower prices and trying to time the bottom comes down to each of our own risk tolerances.(On-Chain College)