Generally speaking, Bitcoin follows the economy. When the markets all crashed Bitcoin dropped so far - I bet everyone wishes that they would have bought when it was $4000 in March 2020. As things recovered, Bitcoin steadily rose. There are many concerns about what will happen but some things to consider are quite basic:

- many countries will 'print' money to deal with COVID 19 and to stimulate their economies
- they aren't making more Bitcoin
- Bitcoin will probably continue to follow the markets but be more insulated from them
- the recent drop is very likely just a response to the dramatic rise in recent months but predicting anything is difficult

One thing that warrants a little more consideration in my opinion is that rich people aren't selling their Bitcoin. Perhaps people with a lot are moving some of their supply but most believe that it will reach much higher levels than the recent rally had achieved. As solid as this all seems, there is still a degree of speculation at hand and even the degree of that speculation can be speculated. Noteworthy, yes?
   
I would think that holding if you bought recently is the right thing to do. Holding if you bought a long time ago is the thing to do. If you are very wealthy and have a lot of Bitcoin...well, it depends on just how wealthy you are. It's probably still going up in the future. Do you need or want your money now or later?