Bull season and ATH always appear 1 year or more after halving. That means we will have a sideways market after the halving but what I see people expecting more is that people are expecting bitcoin to increase in price immediately when the halving happens. Many people even think that when the halving is approaching, bitcoin will not be able to decrease any further and people will buy more, so the bitcoin price will soon recover and increase in price as soon as the halving takes place. This is the wrong thinking that many people are making. The future is unpredictable, but if we look to the past, we can see that bull season is still quite far away.