Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price.

my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.

Maybe wait till 21st July, something's cooking up
Sure feels like something is cooking.
Actually, right now it feels a lot like the 2018 $6000 level just before the drop to $3000. I hope it is not going to repeat that but the lower highs with solid looking support is
exactly what happened then.
I would not consider "exactly" to be a very reasonable way of attempting to make predictions about the future based on past patterns...
Sure, we could get another 30% to 50% drop from here - and that would be something like $15k to $20k depending on the severity of such a drop...
I will actually agree that $6k support was tested around 6 times between February 2018 and November 2018 when it finally broke.. and we got damned near a 50% drop out of that loss of $6k support that was a pretty BIG ASS surprise to a lot of us... and then the sub $6k lasted for a bit more than 4 months.. to cause additional concerns that the bottom might not be in and the shaking of weak hands.. so gosh.. maybe you are talking me into this?.. hahahahhaha
I am not going to get all glass half full and whiny about this.. and sure if the price goes down it is good to continue to attempt to be prepared (both financially and psychologically) for potentially extreme scenarios and sure, there could be some possible breaking (or at least appearing to be breaking) some of the currently credible BTC price prediction models in order to cause more senses of doom and gloom (of the masses), so sure a premature bear market (or even a greater, seeming to be out-of-this-world BTC price correction) could cause some more shakenings of the weak hands.....
So whether more "down before up" is a necessary condition or something that ends up happening should be something in which we are prepared for (both psychologically and financially) - but whether or not "down before up" ends up happening is something that I would be careful in putting too many eggs in such thinking of certainty basket.. so sure prepare to buy more BTC or just HODL through seems to be the better strategies, rather than selling - even though for sure, peeps are gonna peep... and cannot really stop peeps from buying high and selling low, especially if they have over-invested (and perhaps without hardly any plan except "getting rich quicker" than they have been able to in their previous years), and bear-whale manipulators might be able to sense that there remains more room to shake a few more of the whiny-ass cry babies who are placing more certainty towards down than it deserves (which sure could cause a self-fulfilling prophecy... until it doesn't).
A further 30-50% drop would mean we're in a bear market. Then we should get ready for another BTC winter. But 2013 scenario is far more likely imho as there was no blowoff top.