3. Possible selling and stalemate
Due to a lack of liquidity, some institutional selling operations may come to an end if Bitcoin drops below $57,000. As buyers and sellers await more favorable conditions, this scenario could result in a sideways market, where Bitcoin trades between $55,000 and $60,000. On the other hand, Bitcoin may fall as low as $50,000 if institutions keep selling.
Bitcoin's price is greatly influenced by the actions of institutional investors, who hold a substantial portion of the market. It may be difficult for Bitcoin to recover in the near term if the sell-off continues, as this could result in an extended bear market.