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.
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.
There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.
Trade safely .
Your idea is very precise and clear about Bitcoin and the peculiarities of the crypto market. In investing there is always an element of risk and we can only limit it to a certain point in time. with the risk of return too high, Bitcoin has adjusted many prices and is at $26,800 right now. It was so wonderful.