So we had the halving hype and lot's of people pouring money into bitcoin in anticipation of the halving. This pumped the price to $785 a coin which was pretty much expected or at least not surprising. Once people realized that the "halving run-up" was over, they profit-booked, causing an expected correction. It took a while to find a consolidation range, but it seems we may have finally found it ($550 to $600). This has happened with all other halvings in other cryptocurrencies.
So why is everyone freaking out about a "low price"? We are up $350, give or take, from the price at this time last year.
Today price is not bad as it is increased to $580 and the line on the graph is going up.
The halving was interesting when the price before it was really high comparing with few months before halving.
I think that for this month the maximum price can be up to $600 as many people are in vacations.