Don’t really know if it’s the impact of the halving or if it’s the institutional demand (or both) but bitcoin is behaving very strangely. The dips are happening less often and the bulls are aggressively buying up any cheaper bitcoin. Bullish. Bitcoin bounces back from a dip very quickly. Last time it went to 16k and recovered to 19900 ATH. There is high pressure from the demand side I guess.
So bitcoins high volatility is a strange behavior for you? Lol, are you seeing this for the first time? We have seen this happen a lot. Price dips after a burst in price and then quickly recovers. This is because the price is still bullish hence as soon as it drops others take the opportunity to buy more with cheaper price. The same happens when the price is bearish in the short term. It dips for a short term and eventually recovers.
Wait for the price to be in long term bearish state and you will see what you were expecting.