Where is the demand going to come for in Q4?
Will retail, sans lockdown money, be able to shovel enough cash into crypto this time?
Otherwise, it seems to me like upward price action will depend on institutional investors.
The most likely answer is that both sectors are going to be influential in the future increase in the price of bitcoin that we are going to see, after all I can not really see any significant change in the policies of the government's that will put a stop to the long term growth of bitcoin and the interest that this is going to generate among people that want profits or that want to protect the wealth that they already have.
People are getting increasingly nervous about the possible implications of all the money that governments want to spend and print, they know this is going to affect them and they are trying to find a place where they can put their money and protect their wealth and bitcoin is without a doubt one of the best candidates you can pick to do so.
