People still worry about BTC reaching $25k; sure it can, we would only need to wait till it completes another revolution. As we would note that it has had specific all-time-highs in the past 9 years, and not too often if I might add. So you'd have to study for yourself to know when to take a hold of that opportunity, cos after $25k it will drop again - maybe not as low as it is now, but it will drop.
To me i think that people are still too much confident about bitcoin price and that is the reason that they are not going to sell their bitcoin, to me i think that they will continue holding their bitcoin because they know that bitcoin price has too much potential and its price can even increase too much in next few months.