Are institutions and Government demands on Bitcoin able to save the chart this time?
Do let me know your thoughts.
It does look like double top and that's the reason why there's dump shortly after the double top formed, things pretty much can be different, the billion dollars supply can contain the panic selling.
However if we're talking about whether or not it will replicate bearish market in 2021, nobody knows for sure.
If not for the ongoing war, I'm pretty sure the price wouldn't create double top but the overall geopolitics around the world is just that bad.
Always embrace the possibility, although government approving BTC and big corporation are bullish with bitcoin and that's a good news to have, sometime chart just doesn't lie.