It's going to be a thought decisions for these still sitting on the fence holding their fiat wanting to get a good position in bitcoin.
They have to either keep waiting and pray that the now mythical $5.5k ish resistance line gets broken and buy the dip, or don't do so and miss the boat as the final dip could have already been played, which would lead us to a couple of months of a stable price similar to how we were at $150-300ish for months then we exploded back to ATH, and once we hit ATH, we went x10 there, so next time could be 6 figures time. Do you really want to miss that trying to time a perfect bottom? I wouldn't so I would buy now and have a strong hand.
Patience is a virtue. I think it's pretty reasonable for people to wait for signs of an uptrend before buying in. We could certainly fall out the bottom of this range and find ourselves with an opportunity to buy at half the price. To each his own.
I also think we have a longer term "quiet" period ahead of us before the next bull run to all time highs. (Like 2015-2016)
Those are the greedy people and wouldnt succeed what they want. The price as I see will never drop more than $6000 and they will remain wanting that $5.5 to drop and buy at this price. Hope that the price will grow from this point and only serious investors will put their money in it to make profit in the future. This is the right time to make your investment.