With the current bart-pattern forming on short-term time-frames, it's starting to look like whales have somewhat manipulated the market/situation right now.
The FUD was designed to encourage shorts with sellers getting out of positions below $26K, but then buyers stepped in and we are now at the short squeeze level, whereby price going higher will likely liquidate a lot of short-term short positions who were targeting lower levels. The fact that Coinbase was served a lawsuit today from the SEC and price has risen, should show how bullish the market remains right now.
It's rare that I consider price movement to be market manipulation, but with news events like this that no doubt some speculators were aware was going to happen, and now the quick reversal back to the upside, it's hard to consider the likelihood that bears tried to push the price lower, but when the low of $25.5K was reached and they were unable to push prices lower, they instead look long positions back to the upside.