It is like a dream now that BTC price was 20K USD one day!
LOL. a little more than 1 year ago you were saying the same thing about $1000 and how dreamy that looks like and how people who sold at $1000 were "real winners"
Because most of the people are in Panic now, they can't sell and can't hold statistically!
the newbie panic sellers have already sold, at least majority of them did as bitcoin is now about 70% below its ATH. if there were actually any panic then price would have fallen to $4000 already but reality is that the panic sellers are out which is why price is above $6000 and staying there with a strong buy support.
If the market pumps again somehow, then 70% of the bitcoin and crypto holders will sell their coins first! Of everybody sells than how can Bitcoin price will increase?
during every single rise in every single market in the world when price goes up there are certain people who sell their shares to get the profit out. but price doesn't go up or down because of "this group" of people. it goes up and down because of increase and decrease in demand respectively.
in this case when bitcoin price starts going up, the day traders would sell to get the profit out, we will see a correction then the same people buy back in that correction and push the price back up again and the demand will continue the rise.
have you ever seen a chart before? if not go take a look...