The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
Sentiments are a major part of markets, an integreal part. That is particularly valid when it's about complex assets like Bitcoin as nobody can truly tell what it is worth as it doesn't generate cashflows. One can only guess and the more you understand about Bitcoin, the higher you will value it and the less you will get nervous when there is trouble going on in the world. But rest assured that not a lot of people who own Bitcoin actually understand a lot about it. But with more people getting into the market and spending more time to understand it, the base layer price will only become more stable.