Many people think that if bitcoin can't make ATH anymore then the downward trend will continue, especially now that most people only use bitcoin for daily trading so that the market immediately drops again when they see a price increase, and halving is a trigger that can pump bitcoin because it's proven from several successful price pump halvings.
It seems you are wrong, because according to data analysis that I read on several social media such as Twitter and news on Telegram,
that the number of bitcoin holders is currently increasing, meaning that many people still believe bitcoin is capable of reaching a new all time high after the halving, not even disbelief.
you should research first before that, thank you.