And we have witnessed another downtrend in the last 6 hours, $30k and possible even lower if the trend continues. So the chance for bitcoin to hit $40k is over guys, we should look ahead next month if we can breach or surpass it again.
Seems to me that we might enter a bearish phase, although I'm very much very bullish, and it seems that the inflow of cash has suddenly slow down a bit and there are players who want the price to this level it seems.
But did you see how quickly we rallied away from $30K. If you were watching the markets and looked at Coinbase, it was leading price by $200-$400 during certain points. Basically right before we dipped to $30K and rallied away from again. So I am thinking some other fund has invested in BTC below $30K.
This is very common since many use Coinbase for custody and usually when Coinbase has a huge premium compared to other bitcoin markets usually there is large outflow and a few days later some fund announces that they invested in BTC. Who knows maybe its Gamespot buying Bitcoin with its cash reserves, or better yet, Tesla.