Yes it's a market cycles. remember we can see a good pump for next few weeks and months. Technology won't stop and cryptos will eventually pump like it's hot so hold your coins my friend.
Some people are not optimistic about bitcoin because they are completely impatient. Things take time, waiting is the hardest part. It takes patience to make things happen naturally. They do not have the patience to wait for bitcoin to grow up step by step. So they also enjoy the fruits of waiting.