Why do people sell their Bitcoin due to fear of the current drop in price. Do They feel the price will drop further and never go up again ?
I feel before anyone invests on Bitcoin they should get a proper understanding of how the Bitcoin market operates. Because if an individual has good understanding they will know that the rise and fall in price of Bitcoin is normal so there won't be a need to panic rather see it as an opportunity to accumulate as much as possible in anticipation for a rise in price.
I do feel that the price will still certainly push up, this is like the drop alot of investors has been waiting to see to invest again, people that sell their coins lack patients and as investor patients is part of the factors you have to prioritize, this is not the first time bitcoin is making these types of pull back, and due to past results it always goes back up breaking the previous all time high, but some people fail to understand this because of lack of backtesting past results.
The year is just approaching half there is still more to the coin before the year comes to an end it might probably break the recent high due to analysist.