Is Institutional Hype Driving Bitcoin’s Rally? Analyzing Market Uncertainty

Bitcoin has defied bearish momentum, pushing past the $84,000 mark but lacking sustained buying pressure. While institutions are bullish, fueled by prominent figures like BlackRock CEO and MicroStrategy’s accumulation, this surge raises questions: Is it driven by hype or genuine market fundamentals? Despite growing optimism, institutional investments haven’t translated into strong buying momentum. 2016, 2019, 2020, and 2023 saw similar scenarios, where consolidations or corrections followed. 7-day volatility is down on a bearish note as market participants grapple with an uncertainty that mirrors past trends.