However, what we can use as a reference is that conditions like this do not last long, so there is no need to panic. instead we have to be able to use it to buy when panic prices come, because we actually know the characteristics of bitcoin. and the events of 2018 may not have happened for now, at which time bitcoin reached a price of $3500, due to panic among investors. therefore for now we actually have to hunt for prices if there is a dump, as before bitcoin touched a price of $ 16500
The scenario of what happened in 2018 like you analysed that bitcoin dropped from $20k down to $4k and after some time went further down to $3,500 before picking again in 2020 during the COVID-19 will not repeat itself again. The reason it won't repeat again is there is more awareness that has made the desire to acquire bitcoin has increased. Now, so many are waiting for such drop to enter the market so you see people setting DCA slightly below $30k, some $25k and $20k. So now the price rally going down to $25k will have a strong support where buys are waiting to buy, also in $20k levels. So I don't think we could see such ridiculous fall before halving.