I have been saying this for years... you have to look at the bigger picture when you analyze the full impact of the price.. before and after the Halving. What other significant events happened before or after the Halving... that also impacted the price during that period.

Most Bitcoin traders and hoarders also know that the impact of the Halving are priced into it, way before the actual event happens, because the media hype will start weeks in advance.

Also, whatever impact it has.... was watered down by the many times it happened before... so people do not react to it as much, as they did with the early Halving events we had in the early days.