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.
Both of you are living in your own views, there is nothing bad in that, yet what @Pejoh Asu discussed still makes sense as it's a very good principle in trading and speculation. We should be expectant in the bullish run of Bitcoin, yet if it could not break the ATH, and perhaps form a bearish price action below it on the larger timeframes, then you do not need a soothsayer to tell you that such pattern would be devastating for the coin. The prayer is that it should launch an easy break above the level, it's only then that everyone could be rest assured of a bullish reign.
Also, you should not be using what you gather on social medial to predict what the market would do. We have to be more practical than relying on what I would term 'supposed fact.'