$BTC * Broader Market Sentiment: The overall sentiment in the cryptocurrency market and global financial markets can influence Bitcoin's price.

In conclusion, while Bitcoin has experienced some price corrections today, there are still positive developments and underlying bullish factors to consider. The potential for government adoption, continued institutional interest, and the overall market structure suggest that the outlook for Bitcoin remains positive in the medium to long term. However, as always, it's crucial to be aware of potential risks and market volatility.