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Bitcoin's recent dip: Should you buy or wait?

• Bitcoin's price has dropped more than 10% since hitting an all-time high in March, but the recent pullback could present a buying opportunity for long-term investors.

• Investor inflows into new spot Bitcoin ETFs remain strong, suggesting support for the cryptocurrency's price. While the much-anticipated halving event underwhelmed initially, historical data indicates a potential rally in the coming months.

• The primary buyers of the new ETFs appear to be hedge funds, but retail investors and institutional investors are expected to increase their allocations to Bitcoin over time.

• The halving, which reduces the rate of new Bitcoin creation, sets off a chain reaction that can lead to higher prices, but its impact may take several months to materialize.

• Analysts and investors predict Bitcoin could reach $100,000 or higher by the end of the year, with some even suggesting it could hit $150,000. However, a bearish scenario suggests a potential drop to $42,000.