this is the usual sell off that happen after the halving, waiting for the next one to rose again
and usually they rose in a year ?
The next halving will happen in 2024. So still a long way for the next one, and perhaps that we have entered a bear cycle, meaning the price is going down until we hit the next halving and then the price is going to go up again.
Halving event happens every 4 years, that's why people are saying that Bitcoin has a cycle of bull run and bear run every 4 years because of this activity.
Every year,their will be some pump and dump in a year.Mostly bitcoin play the game withe altcoin pieces.Being a good coin with a good back ground will played a maximum role.Many people will inverse on this coins,when they get profit from this bitcoin.The people with the credit can inverse and get double or triple of the investments.Every year,people get some loss in a dump.