This was the formation it had before the breakdown in 2021.
Are institutions and Government demands on Bitcoin able to save the chart this time?
Do let me know your thoughts.
Just like now, during 2021 Bitcoin was completing its cycle and here we have that it's just completed the cycle for the bull run, there are still some significant bullish attempts but it's not clear enough for us to hold unto currently. So looking at the patterns on the chart we can say that sometimes if not most times, institutions and government demands does save and also ruin the charts. This action of these institutions and government will always trigger reactions at the retail level and cause for some forms of patterns we see on the chart both that which saves and ruins it, the institutions and government do most of the bulk transactions that causes certain impulsive mover that creates good volatility that either results in profits or loses for the other depending the side of trade you took or you investing advantage as at the time of the happenings.