Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.
So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.
Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.
You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.
To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.
If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.