Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
It is not moving the way we expected in the short term, a lot of speculations are being made and I see here few are right about the scenario of Bitcoin ETF being approved and there is not much difference. It's just that the expectations from the community keep attaching labels to events and considering it as a criterion to evaluate the trend. I know the market state is different now but price speculation is always really complicated, If we have faith in future price increases, we also learn to be patient. Why does halving have to be mandatory? Why do we have to force 2024?... there are many other events, but unintentionally it is just a way that I think the game manipulates prices so that participants lose their patience, and always doubt/believe in quitting advance the news.