The OP is almost one month back.
Till that a lot of things has happened.
Bitcoin keeps on fluctuating.
So the reason for BTC declining is low market cap or trading volume.
So in order to withstand it, or in simple words when BTC will rise? The answer is when the trading volume will be more.
Hope this helps.
Yes you are on spot, bitcoin is now in great vibes and the market is pretty bullish. I believe that Bitcoin will continue to rise higher and higher till it hit the all-time high value. In addition, there has been good deal of speculation in the crypto due to the hike in its value and this is the reason it is getting pushed up. Bitcoin halving is another reason to invest in Bitcoin.
It is always a good strategy to average down if the price keeps dropping. I am still remaining bullish on Bitcoin, and I think it has a lot of potential. I am staying bullish on the long term. (edited)