$BTC Modern technology with cryptocurrencies will soon dominate the global market, today, everyone knows this field and seeks information everywhere, but the #Bitcoin ✴️ remains the dominant player in this domain, will it decrease or take a plunge?! A saying in the financial world states that all assets that rise tend to fall with the same intensity. This is unpredictable, as it depends on subjective elements such as investor perception. In this sense, if the market believes that a given asset will not exceed a resistance level, then they liquidate.

This makes it practically impossible to determine an exact date for the correction of the BTC price. For example, this Wednesday was almost immediate and, after surpassing the ATH of January, the currency collapsed to 106k $. On this occasion, investors might wait until 115k $ or 120k $ before taking profits.

Nevertheless, as mentioned above, the currency is on unknown ground. This means that it is even more complicated to determine with certainty what the next steps will be. According to many experts, the current BTC rally is driven by institutional wallets.

From the ETF sector to publicly traded companies, this week would have recorded enormous inflows towards BTC. In addition to this, the constant purchases that have accumulated over the past few months. Thus, if institutional investors make a move, the increase could continue.

Apparently, the price of Bitcoin has no short-term bearish obstacles. Any drop that occurs under these conditions will be very brief, given that investors will continue buying while some whales practice limited profit-taking.

If the rally proves to be much deeper, a situation could arise where no whale wishes to liquidate or take profits in the short term.

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$BNB