Today bitcoin has decreased by more than 2%, the price of bitcoin has returned to the current price of $ 27k, I don't know what news caused bitcoin to experience a decline or maybe it was just a normal correction like market and technical problems.
I agree with you, I think bitcoin is out of the bearish zone and we will most likely crawl to the $30k price level this April and maybe more than that, right now we are testing the $28k price level to find out how strong the support is $28k to continue the rally. It should have been a bullish sign at the start of Q2 for the altcoin season and bitcoin season but it looks like they are still waiting for confirmation.
I think it's nothing that big, those type of increases and decreases happens everyday and we shouldn't be really worried about it, that's a normal thing for all of us. I know that not many people feel comfortable when the price falls, but the reality is that we just have to learn to live with it.
Not many people feel like they want to hold it when it is going down, but this isn't a crash or anything, it's daily regular price fall that happens all the time. Just wait for it to pass and when the time comes there is nothing wrong with it and you can continue to live with it without a trouble. I personally will hold it until it is over ATH again.
Yes, maybe this is already a market dynamic, like people owning assets in bitcoin or altcoins, which can put psychological pressure if there is a decrease or increase, but for some people who are relatively new to the crypto currency market, of course, they always pay more attention to the assets they own. , which may include that they could check their assets on a daily basis which is not a good thing in doing so.
Yes, I am quite aware of it in terms of market movements, but there are always several reasons that can be correlated with the rise and fall of bitcoin prices on the market, news sentiment is quite influential on bitcoin price movements, of course some people who do analysis will look for the answer as a conclusion why prices can up and down.
Speaking of holding bitcoin, I'm thankful today I still hold it and I don't know when I have to sell it, maybe 4-10 years later or closer.