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.
Lol, bitcoin market is very volatile so I don't know how it would behave, on the contrary it will behave erratically and that's how we have seen in prior. Boom and bust, cycle of bullish and bearish trend. So there's nothing strange here, if the price dips then obviously, there is a selling pressure, and if it bounces back then people are trying to scope cheap bitcoin.
Everything still boils down to supply and demand in the market.