The good thing about price having been dropped already is that there is a higher chance of rising so I expect green. That means if nothing unexpected happens, like a deeper recession, we should start price recovery as the holiday days come to an end and people start putting their money back into bitcoin again. From there, we can see more recovery and through this year price could go back up to set a new ATH. But that was a big "if" I started this speculation with though...
I learnt that when the price drops is the one of the best times to take advantage of the market because since the market always recovers there would be profits in your portfolio if you took advantage of the market when the price dropped. I used to have that mindset that it's good to sell when the market starts falling but I've figured that i was wrong at all after get to understand how holding Bitcoin works.
I see some points in what you've said and I think you're right cause those who sold off some portions to enjoy the holidays and festive period with their loved ones would see reason to put back money into Bitcoin and cause the market recover again. Well i also learnt that Bitcoin is unpredictable, can't really tell if it would set a new height when the market finally starts recovering but whatever it brings is always to the advantage of Bitcoin believers.