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.
Recognition and adoption is really that moving forward but not on the sense on a light speed but rather on a gradual manner but at least we are seeing that there's a significant increase over time or years passing by.It is really just that its been slowed down on the time that the market would really be having tons or lots of issues specially in talks about regulation and other correlated things along the way which its not really that shocking or surprising that government do really love on stirring things up.How long they would last if we do speak about halving event? We do really have those charts seeing about days in between runs.
Thing here is that we cant really be sure if it would be seeing same numbers or would be nearing those digits. Recognition is on the move but due to some regulation issues then it is been slowed down.
Somewhat doesnt matter on what are the issues that we do face, important is that this market isnt really near on its demise and we do have that so called cycle.