Are institutions and Government demands on Bitcoin able to save the chart this time?
Do let me know your thoughts.
The institutional investors (yes!) and probably government regulations are making the market more stable now. So a bearish market might not be the same as before, where the price would drop significantly and take a long time to recover. This time, any downturn might be shorter. Earlier this year, we saw bitcoin drop below $100k, hit $70k, and now it’s trading strongly at $100k.
The bear market that you mentioned after crossing $100k is not a far cry from the story after about $70k. Bitcoin's price is hovering around this stable position. In the midst of the fear of war in the third world and the impact of rising inflation the world capital markets are going through a phase where the price of Bitcoin is increasing and there is not much dumping ($105K), it may be easy to see what kind of situation you can assess.
With the Bitcoin market in a growth and downward price situation you can compare it to a real capital market where there is a government-set breaker. The volatile nature of the Bitcoin market and price is making it more attractive to investors by showing a stable picture and aligning this attractive trend with more ATH.