Historically,halving plays a significant role in the price action of bitcoin although past experiences isn't really a clear indicator for future events yet it is important to note that in the months and weeks surrounding every halving cycle,there's always been a positive trend in the market which is a strong indicator that halving most likely will lead to a bullish market
Some of analyst believed that before halving we would experience a slight bear market before the full blown bull scenario. But with the market stand I can say that it will continue as new narratives are being developed. Most users are in the midst of investment and accumulation believing that the next bull run will be the biggest around the halving.