In my opinion it's never a bad idea to just hold it limits your upside risk. If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle. Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents
Whether we are in bull or bear market, we still have to hold if our target is not achieved yet.
If we will allow people to dictate us on what to do because we panic in FUD, then we will surely not gonna have a long journey here and we will not feel calm. I know some still didn't learn although we have already seen how strong BTC in the past, the fact that it dump to $3K after the bull run and began to recover this year, we should not underestimate the power of BTC, its down because it was manipulated, better thinking that way so you will believe its real value is not what we are seeing now, it should be higher.