End of year/beginning of new year prediction:
Some well-known entity or person is going to announce a sizeable bitcoin acquisition. It could be Elon Musk (again), Jack, M. Saylor, Ark Invest, or some other notable person or company we haven't heard about yet.
It'll either happen right before 2021 ends, or shortly after 2022 begins.
Just leaving this here for the funzies.
You think the price action is in part reflecting that "work" currently being done?
Yes.
Wealthy elites, entities, and funds don't buy assets on-market and at high prices. They buy OTC, below spot when the asset is undervalued, and their whale connections help them to do it.