In my own understanding, people that are new with bitcoin does not yet very familiar of bitcoin's price value fluctuation and most likely people think that bitcoin's price had reached nearly almost $20K last year and could perhaps recurr within sometime of this year. I think bitcoin is in the adjustment period where it is now and currently moving upwards going to reach $8.6K as of this writing. It is still a good time to buy BTC where it is now recovering and hold it for a longer time to see the growth in your profit.