I read a blogpost last week stating that Bitcoin chart isn't bearish.
I don't know from what angle the blogpost saw the bearishness of Bitcoin because from a higher timeframes – Weekly and Monthly, charts show it's bullish though there's a strong resistance around $107,740 and on the weekly close for last week there's a reversal candle which the present weekly candle is proving stubborn to obey.
Are institutions and Government demands on Bitcoin able to save the chart this time?
Do let me know your thoughts.
Hopefully, fundamentals from government and institutions will push price above to break that resistance up there. The only sad thing now is this ongoing war between Israel and Iran. Bitcoin will likely dump seriously once the US becomes actively involved in this war. That's my thought on it.