Worse, because it's expected now, people sell to avoid the paper loss.
I'm interested to hear people's views on this trend and if, how and when the pattern might be broken.
And is particular, has it kept bitcoin's price lower than it otherwise would be, or are prices recoveries 'complete'?
That's wrong mindset though, you don't suffer any losses if you don't sell, what you see in your portfolio is just paper loss. So why sell? This is one beauty of the market, it is open 24x7x365. And with that you can trade and make money or loss it in the end, so the volatility is your friend here and as long as you know how to take advantage, then you can profit.
It will recover eventually, or if you mean that the price is going to grow. We are in the post-halving already, and with that, we are expecting that the price will go on a parabolic rise or we will be a bull run and the prediction is that it can grow as high as $100,000 or even higher this cycle.