Bitcoin being oversold few weeks ago look very correct because of the decrease in it price. Although, we can't blame those who involved in the selling of their stash over the months as the price of Bitcoin was seen hit highest this year. Many people with their problems which are or is to be solve, so, by selling their portfolios shouldn't be an issue. We all know how volatile the entire cryptocurrency market looks.
Correction does not mean bitcoin is oversold mate because this happens everytime the price goes up there will be a following corrections and that is normal in this market
And what OP is pointing maybe half truth but as we can see the value is not falling that bad means there is still a strong hold from the investors so we can still find good things this coming event and hopefully we can feel that before May this year.
Indeed, it is just part of the cycle in which the Cryptocurrency take part for every rise and fall in their prices. This is only normal to the nature of every Cryptocurrency because of their volatile characteristic.
The dump in the price of Bitcoin for me, is a chance for investors and interested in Bitcoin to buy and stock enough supply of the coin because, it is undoubtedly that the standing of Bitcoin in the market will shoot up as the halving event is coming, there is indeed, a great potential for Bitcoin to be a good investment as it sets a new all time high record this year of 2020.
