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.
What you just described it's not that weird and it was bound to happen when Bitcoin had such a long bearish market, what is a bit strange is the fact that Bitcoin is now following SPX chart which goes up and down based on US market and it was started being like this after the pandemic, some of the recent bullish market for Bitcoin could be the result of this pandemic since people can just easily use Bitcoin or any other crypto by using internet alone and add to that the fact that Gold is also hit a new ATH after the pandemic and Bitcoin is widely considered as a digital gold so this whole thing makes total sense.