Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.
Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.
No need to think about the risk if you are ever been into this scenario for so long. Every bitcoin investor is only waiting for the right time to buy and sell. And just like now, the price has a bit lower now so this is basically a good time to buy.
What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.
No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.
It's FOMO.
We are used to it and those investors that never learn from their mistakes will keep on committing the same mistake. They'll always be in the between of breaking even or losing.