Again, overnight, Bitcoin experienced volatile price action, briefly soaring above $30,000 on the news of MicroStrategy planning to buy more Bitcoin worth $750 million. However, the optimism did not last long, and Bitcoin gave up much of its gains while returning toward the $29,500 price tag. Interestingly, the move up was not accompanied by the increase in the number of Bitcoin addresses holding more than 1,000 BTC in the balance (though the number of addresses holding more than 100 BTC in the balance ticked up slightly in the past few days). That suggests to us that big players are still not stepping into the market and presumably waiting for a better bargain. As a result, we will continue to watch the technical indicators and other developments outlined in this and our previous article.