A lot of people said that when Bitcoin dropped to $10,000 from $20,000.
Another group said the same when BTC dropped to $5,000.
While it is true that the current value seems low because of its ATH, I will never be certain that the price will never be this low again in the future.
If the price drops lower to say $1,000, many people will also say this line "This opportunity will not last forever because the market will certainly have to recover and make another bull run" or something that is similar.
I have to agree with this member, while the OP could well be right, unfortunately many people bought a lot of crypto higher are no longer believing this, even though as I said it could well be very true. Those who are still dollar cost averaging (instead of throwing all their money in) almost certainly don't believe this, hence averaging investing.
Personally I don't think a final drop will be the bear market low, although I do think it could be a low before a rebound towards $4-5k quite easily, due to the weekly oversold conditions as well as the 200 Week / 50 Month MAs that should act as some volatile resistance. Mainly: it needs to bounce back soon in order to go lower.
That said, I'm still a buyer from $3k down to $2.5k with 25% of a position, and another 25% at $2k, then I will wait a reassess if $1,800 or lower doesn't hold. But admittedly, this would be a swing trade to accumulate more Bitcoins (take profits in BTC), as I believe if we do see support from these MA's and rise to above $4k, I'm convinced we will revisit these lows and MA's regardless in order to consolidate price over the course of months.
There is a good reason why long-term Bitcoin investors are sitting back and waiting it out, looking for 2015-style price confirmation, instead of trying to catch a falling knife. Catching the falling knife is for swing traders, not investors.