Right here. It almost looks like a classic pump and dump. This is because I don't see any significant news which brought Bitcoin to $20,000 nor did I see any significant news to bring it back down to where it was before the pump.
“That’s a very important step for bitcoin’s history…We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.”
“There really is zero large-scale institutional money from the west in crypto right now. That is happening in Japan. Once a large sizable chunk of Western institutional money starts to come in — watch out.”
What is keeping western money out of crypto? I'm sure people here on Steemit can speculate.
I found this very interesting read on medium
Which discusses about how Cartels could be involved in the price suppression of bitcoin.