On the chart, I can see that the new was two days old already, bitcoin was $22600 on the chart, bitcoin price today is 20400. Some people may be buying actively, but the bear market is still not yet gone. People can buy now and hold for the next 3 years and make profit though. If anyone is buying now, they should know that the price may still fall but they should continue to hold until they make profit and they should consider this as a long term investment.
The market will test how the investors holding on when the price dips below 20k. Its a HODL test and scary as hell when they are tempted to sell after months of seeing the market hasnt yet show results.
Frustrations arise when expections are not met. Holding is not for all because waiting will also make doubt when months of waiting is how they define long term. Not holding on also makes them regret when the price finally is positive.