Halving, demand and supply, Scarcity and pice; all these are parts of what might influence the buy pressure of BTC but the concrete truth is, if the market keeps going at this uncertain rate, more people are gonna be skeptical about buying the dip, the market has been consolidating for more than a year with no much buy pressure.
Just when you think its about to be bullish, a sudden news brings it to its knees, this kind of situations makes people look beyond the regular factors. Remember, people buying are investors and investments have timely tunrover expectations. So an investor is expecting a 10% per anum return and Bitcoin isn't promising that yet, he has other options but for long term investors or those who store BTC as a form of value, I think they have a different perspective.
For our instinct what do we think that is the major caused of Bitcoin setback, because i noticed that Bitcoin have doesn't have much thing that bridges it values in the market except information and if information will bridge Bitcoin what do we think that can also bring bitcoin down in price, it's this aspect in cryptocurrency that I find difficult to understand the future of Bitcoin, because I know that Bitcoin have it's way of success, but the information that we think that affects the price of Bitcoin and also caused by the demand and the supply of Bitcoin I'd I'm not mistaken