The bear hug is over but never expect the big rally to embrace now, we have seen a spike with the aide of a hundred million dollar investment but it might not hold for a long time, we will see a range bound market until it breaks the next resistance. The market buzz is coming back and everyone who invested at 3k got in at the right time.
They invested at the dip, that makes them profitable in just a very short period of time.
It was a good short term investment as well, I would sell at a profit and then wait until the price will dump a bit then start buying.
This is the market cycle, it changes from time to time, therefore we need to do it with the right timing.
If you buy at dip, let say for the $3k and you sell at $5k which is quite a good profit, after selling, what guarantee will you have that the market will ever go dip again for you to reinvest, I believe these thing you are saying, many people did that and yet, the price is still stable at $5000.
If bitcoin refuse to go dip again, they have been automatically shut themselves out of BTC investment because they will not be willing to buy high again, so they have to probably wait till it reaches its ATH and then when many people starts cashing out by them, he might then be lucky if he is able to get it at the dip price he initially bought.
I still see more sense in cashing out when it reaches ATH than these short trading that may go against us.