Dont ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.
This fictitious group that you created of persons who supposedly bought between $13k and $20k don't really exist in the state that you describe them (except perhaps as a kind of unicorn).
But I get your point.... and it may be true in some cases that there are some people whose portfolios are in the red that might start to become more optimistic as BTC price rises and their portfolio gets back into the black.
Dont ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.
Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.
That's something like what I am trying to say.