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 is 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. Let's be guided and don't lose faith as the market is only dipping not crashing.
You have a point when you said we shouldn't panic since the market always reaches new ATH prices when the 4-year cycle is achieved but we should panic in the sense that the market is going to face market manipulation we haven't seen before. Although spot ETF will present more cash flow it will also come with BlackRock, Fidelity, etc manipulation which will make some holder sell their BTC to this organization this is the area I believe we should panic about.