This is to be expected…

Bitcoin doing pretty much what it always does around this time…

It dips just prior its halving.

If we look back at the previous two halvings we can see that bitcoin dipped both times roughly a month before the halving.

Check it out:

(Source: https://twitter.com/rektcapital/status/1768193669264191737/photo/1)

These dips were 20% and 40% respectively.

Currently, bitcoin is down some 11% from it's highs.

This lines up with past halvings in terms of when it happens, and judging by the moves, we are likely already halfway through it or so.