I love bitcoin to the core and I can never trade it with any form of financial instrument but to be sincere, Bitcoin currently is been manipulated in my opinion. I have observed some changes in bitcoin moves recently, it always do the opposite when you expect the price to fall and vice versa.
Last week for example, everyone was anticipating the price to fall back to 10k level as MACD on weekly Chart was about to change to sell off zone(red zone) but then, PayPal news roll out, good news comes when you expect the price to fall. I feel institutional investors are watching and wouldn't like anything that will fall it price. My opinion though.