Hi I am new here and not used to the volatility

in the price, and will the market recover or is it due to selling during the festive season?

In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
In my opinion, it is normal with this holiday season, it is dropping because a lot of us selling their bitcoin. Wait until it recovers again. How much did you buy bitcoin? I think you are still not lose profit as of now. It is still high I think. It is better to have your goal, encash your profit after 5 years, for sure you can gain more profit after that.