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.
From the look of things so far, it is clear more people are now Interested in Bitcoin, it dips and bounce up as well, and the clear thing is, no one can predict it. Also, when you say strange, I guess you are referring to the volatile nature of Bitcoin, and since that is true, it is good to bear that in mind before believing whatever predictions people are saying. Furthermore, the Bitcoin market has shown that there are more demand, and this can most likely be attributed to institutional investors; PayPal is gradually making other platforms and investors to see reason why Bitcoin as well as the crypto space should be associated with. Nevertheless, there is a high chance of crossing the much anticipated $20k but yet, we should have at the back of our minds that, the market in general is unpredictable.