whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.
It's probably just a correction. The price of bitcoin was around 6K before the rise and now it's stuck above 7K, a 1K rise in price and the price is rising further more as of now. Even if we don't see a rapid bull, bitcoin has already started to climb the gradual ladder up from the low of 5K.
That will be a correction because so far, we see bitcoin price is up and down, and there is a sign for bitcoin price to go up.
We are now seeing bitcoin price can change from the red candle into green candle again, but we don't know if the green candle will stay like that and will give a chance for the price to go back to the last price.
I don't think that bitcoin will stay at that price for a long time because bitcoin is on the right way to increase again and maybe many people panic when they see the down of bitcoin price this time.