It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.
Given the current market situation, it cannot be denied that Bitcoin will touch $80k, but that's just my opinion, Bitcoin, before the market goes much higher, can go below $60k.
But again, based on the current state of the market, this may turn out to be the opposite.