Each person has their own preferences in terms of saving and also in terms of investing by creating their own time period in an asset such as Bitcoin. And I think for now it seems it would be wise to hold it for a little longer term because Bitcoin has passed the $50K price which is generally a very good thing because I personally never imagined that within this month Bitcoin would be at that price. But in reality it is and it is really good for Bitcoin custodians and for investors who don't like to exchange Bitcoins in a short time.
For the short term, Bitcoin trading at $50,000 isn't good as many traders will begin to take profits and this will bring selling pressure that'll make Bitcoin to drop in price. A sign to know when to take profit for traders or those that are investing for the short term is when Bitcoin starts getting to many praises and we're not in the bull market season. The hype will make traders and Investors to start taking profits. Another sign is when your exit target has been reached. If you had a target to sell at $50,000, you should sell and not allow other to convince you. Many people will always be saying Bitcoin will continue rising but Bitcoin takes a break after rising for sometime and I think we're around that period that Bitcoin will experience a correction therefore my advice isn't for holders but traders.