Bitcoin market value is currently at the indecision trend position where nobody can tell what exactly will happen to Bitcoin value In the next one week or so. In the next move will Bitcoin break another record to reach $20,000 or decline to some where around $10,000 in the next or two weeks?
It could be indecision or hesitation on most of the traders right now. But bitcoin has been on a resistance level for quite sometime now that we are almost on a deadlock. So its either a make or break scenario. CME hasn't began yet, so for me its critical after December 18, when they began offering its bitcoin future contracts.
If the markets decides to go to another bull run this $20K is likely to be cross, but if the effect of all these institutional investments firm coming to bitcoins becomes negative, then we are going to see reversals in the price.
But this kind of reversals is just temporary, a lot of investors specially the casuals are waiting in line and eager to enter again, if the price reversals is inviting to them ( which usually does ), expect them to come and go enter the ecosystem right away.