Bitcoin is being trusted by most people now, I see mass adoption has been coming into bitcoin and many people just trusting it. You are right that bitcoin is able to hold its price after the bull market is over. Its price is not fall drastically even when there is a bad news come for bitcoin like Elon Musk is cancelled bitcoin to be used as of tesla payment system.

That situation can be made as a reason that bitcoin can be leaved by their investor especially insutional investor. They still believe that its price will increase more than now and as many people predict that its price will touch $100.000 at the end of this year, that I think it will happen.