The price of bitcoin is more important for those people who treat btc as an asset. They want btc to rise in price so that they can earn more if they sell but if btc is at the top, they are also wishing for it to go down for a while for them to buy it again. Those who use btc as a currency doesn't really care about its price that much because what is more important for them is that they can send/pay and receive money to someone else.

A lot of btc have been mined already but I think there are still lots of supply left and this is bigger than the demand but the demand is high, not low whenever there is a bear. Only those who have less confidence during that time are newbies.