Institutional investors certainly make a lot of changes in the price of bitcoin. By purchasing bitcoin occasionally, they have been accumulated bitcoin over time and this means that they have put their fate on bitcoin. I believe that these firms are the main influence to the current bull run
This is the most reasonable speculation and we are hearing reports about institutional investing in bitcoin from the start of this year considering we were having the halving this year and any hype in the market these institutional investors will take advantage and they can even manipulate the market.
I am expecting a minor correction in the coming weeks and i am expecting the price to close this year around $12k.