Many hope that the price of bitcoin will fall to $20K, but I think that is impossible this year or early next year. because many hope that the price of bitcoin will rise and touch a new ATH, they will sell their bitcoins that have been held for a long time.
Its too impossible bitcoin will fall down to $20k and I scared with the most people expected bitcoin drop to this price will brave buy back later or keep waiting? Most people expected one day later bitcoin will drop and try to buy back but after lower price coming most of them still confusing and not brave to buy.
I think when bitcoin get correcting around 5% to 10% many people have waiting to buy back and make bitcoin return again to higher price, so fast correction will get faster for bitcoin up to higher price.
It is even possible that Bitcoin will no longer touch the price of 20k in the future if bitcoin in the current bullrun reaches a price above 100k. Because after the bull run market reaches its peak and the market returns to bearish, maybe at that time BTC will continue to be corrected, but maybe the lowest will be touched at that time, only around 30 or 40 or even higher.
Well many people are waiting for btc to fall more to buy. However, if the goal is long term then gradual accumulation can be better used as with DCA.